Atlanticus Holdings Company (ATLC) got here out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.21 per share. This compares to earnings of $1.10 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 17.36%. 1 / 4 in the past, it was anticipated that this firm would submit earnings of $1.23 per share when it truly produced earnings of $1.27, delivering a shock of three.25%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Atlanticus
The sustainability of the inventory’s quick value motion based mostly on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Atlanticus shares have misplaced about 17% because the starting of the 12 months versus the S&P 500’s decline of -4.8%.
What’s Subsequent for Atlanticus?
Whereas Atlanticus has underperformed the market to this point this 12 months, 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 handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis exhibits a powerful 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 score device just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Atlanticus: blended. 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 #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.11 on $351.66 million in revenues for the approaching quarter and $5.60 on $1.47 billion in revenues for the present fiscal 12 months.
Buyers must be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Monetary – Miscellaneous Providers is at the moment within the high 15% 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.
Sachem Capital Corp. (SACH), one other inventory in the identical trade, has but to report outcomes for the quarter ended December 2024.
This firm is predicted to submit quarterly lack of $0.43 per share in its upcoming report, which represents a year-over-year change of -760%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Sachem Capital Corp.’s revenues are anticipated to be $13.2 million, down 21.9% from the year-ago quarter.
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Atlanticus Holdings Corporation (ATLC) : Free Stock Analysis Report
Sachem Capital Corp. (SACH) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
