Ezcorp (EZPW) got here out with quarterly earnings of $0.07 per share, beating the Zacks Consensus
Ezcorp (EZPW) got here out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of a lack of $0.12 per share. This compares to earnings of $0.19 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 158.33%. 1 / 4 in the past, it was anticipated that this shopper monetary providers firm would put up earnings of $0.05 per share when it really produced a lack of $0.01, delivering a shock of -120%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
Ezcorp, which belongs to the Zacks Monetary – Client Loans business, posted revenues of $166.86 million for the quarter ended September 2020, lacking the Zacks Consensus Estimate by 16.21%. This compares to year-ago revenues of $214.34 million. The corporate has not been in a position to beat consensus income estimates over the past 4 quarters.
The sustainability of the inventory’s fast value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Ezcorp shares have misplaced about 25.2% for the reason that starting of the yr versus the S&P 500’s achieve of 13.4%.
What’s Subsequent for Ezcorp?
Whereas Ezcorp has underperformed the market to date 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 deal with 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 currently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a formidable monitor file of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for Ezcorp was unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You’ll be able to see the whole listing of at this time’s Zacks #1 Rank (Robust Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.04 on $219.32 million in revenues for the approaching quarter and $0.43 on $916.36 million in revenues for the present fiscal yr.
Buyers needs to be aware of the truth that the outlook for the business can have a fabric influence on the efficiency of the inventory as properly. When it comes to the Zacks Trade Rank, Monetary – Client Loans is presently within the prime 21% 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.
Need the most recent suggestions from Zacks Funding Analysis? Right now, you’ll be able to obtain 7 Finest Shares for the Subsequent 30 Days. Click on to get this free report
EZCORP, Inc. (EZPW): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
Zacks Funding Analysis
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.