Curo Group (CURO) got here out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.71 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 200%. 1 / 4 in the past, it was anticipated that this client finance firm would put up earnings of $0.45 per share when it truly produced earnings of $0.53, delivering a shock of 17.78%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.
Curo Group, which belongs to the Zacks Monetary – Client Loans business, posted revenues of $182 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 7.51%. This compares to year-ago revenues of $297.26 million. The corporate has topped consensus income estimates simply as soon as over the past 4 quarters.
The sustainability of the inventory’s quick value motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Curo Group shares have misplaced about 35.3% because the starting of the yr versus the S&P 500’s acquire of 1.3%.
What’s Subsequent for Curo Group?
Whereas Curo Group has underperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and developments in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a powerful monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Curo Group was unfavorable. Whereas the magnitude and course of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Robust Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the entire checklist of right now’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.39 on $232.02 million in revenues for the approaching quarter and $1.96 on $892.13 million in revenues for the present fiscal yr.
Buyers must be aware of the truth that the outlook for the business can have a cloth affect on the efficiency of the inventory as nicely. By way of the Zacks Trade Rank, Monetary – Client Loans is at the moment within the backside 30% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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CURO Group Holdings Corp. (CURO): Free Inventory Evaluation Report
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