Credit Acceptance Corporation CACC unveils its next round of earnings Monday, Oct. 29. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement
Earnings and Revenue
Analysts expect Credit Acceptance Corporation earnings of $6.90 per share. Revenue will likely be around $319.96 million, according to the consensus estimate.
Credit Acceptance Corporation earnings in the same period a year ago was $5.43. Quarterly sales came in at $283.9 million. Revenue would be have grown 12.7 percent from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 6.52 | 6.1 | 5.25 | 4.99 |
EPS Actual | 6.95 | 6.11 | 5.16 | 5.43 |
Stock Performance
Over the last 52-week period, shares are up 38.63 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Credit Acceptance Corporation stock is a Sell. The strength of this rating has maintained conviction over the past 90 days.
Conference Call
Credit Acceptance Corporation is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/bqf3uu8b
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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