Pawn store operator FirstCash Holdings (NASDAQ: FCFS) will be reporting earnings this Thursday before the bell. Here’s what to expect.
FirstCash beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $830.6 million, flat year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and .
Is FirstCash a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting FirstCash’s revenue to grow 2.3% year on year to $856.4 million, slowing from the 6.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.93 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FirstCash has missed Wall Street’s revenue estimates three times over the last two years.
Looking at FirstCash’s peers in the personal loan segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SoFi delivered year-on-year revenue growth of 37.9%, beating analysts’ expectations by 6.3%, and LendingClub reported revenues up 31.9%, topping estimates by 3.9%. LendingClub traded up 10.5% following the results.
Read our full analysis of SoFi’s results here and LendingClub’s results here.
Investors in the personal loan segment have had steady hands going into earnings, with share prices flat over the last month. FirstCash is down 3.1% during the same time and is heading into earnings with an average analyst price target of $173 (compared to the current share price of $149.79).
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