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FirstCash (FCFS) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, FirstCash Holdings (FCFS - Free Report) reported revenue of $831.01 million, up 10.7% over the same period last year. EPS came in at $1.37, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +1.76% over the Zacks Consensus Estimate of $816.63 million. With the consensus EPS estimate being $1.36, the EPS surprise was +0.74%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how FirstCash performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Leased merchandise income: $194.57 million compared to the $206.55 million average estimate based on two analysts. The reported number represents a change of +2.5% year over year.
Revenue- Pawn loan fees: $181.05 million compared to the $174.22 million average estimate based on two analysts. The reported number represents a change of +17.4% year over year.
Revenue- Interest and fees on finance receivables: $56.80 million versus the two-analyst average estimate of $58.71 million. The reported number represents a year-over-year change of -2.4%.
Shares of FirstCash have returned +2.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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FirstCash (FCFS) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, FirstCash Holdings (FCFS - Free Report) reported revenue of $831.01 million, up 10.7% over the same period last year. EPS came in at $1.37, compared to $1.22 in the year-ago quarter.
The reported revenue represents a surprise of +1.76% over the Zacks Consensus Estimate of $816.63 million. With the consensus EPS estimate being $1.36, the EPS surprise was +0.74%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how FirstCash performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Leased merchandise income: $194.57 million compared to the $206.55 million average estimate based on two analysts. The reported number represents a change of +2.5% year over year.
- Revenue- Pawn loan fees: $181.05 million compared to the $174.22 million average estimate based on two analysts. The reported number represents a change of +17.4% year over year.
- Revenue- Interest and fees on finance receivables: $56.80 million versus the two-analyst average estimate of $58.71 million. The reported number represents a year-over-year change of -2.4%.
View all Key Company Metrics for FirstCash here>>>Shares of FirstCash have returned +2.9% over the past month versus the Zacks S&P 500 composite's -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.