AUSTIN, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- EZCORP, Inc. (NASDAQ: EZPW), a leading provider of pawn transactions in the United States and Latin America, today announced results for its fourth quarter and full year ended September 30, 2024. Unless otherwise noted, all amounts in this release are in conformity with U.S. generally accepted accounting principles (“GAAP”) and comparisons shown are to the same period in the prior year. FOURTH QUARTER HIGHLIGHTS Pawn loans outstanding (PLO) up 12% to $274.1 m ...

EZCORP, Inc. (EZPW) is slated to report fourth-quarter and fiscal 2024 (ended Sept. 30) results on Nov. 13, after market close. The company’s quarterly earnings and revenues are expected to have improved on a year-over-year basis.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, EZCORP’s earnings surpassed the Zacks Consensus Estimate. Results reflected an increase in total revenues and higher operating expenses.EZPW has an impressive earnings surprise history ...

AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- EZCORP, Inc. (“EZCORP” or the “Company”) (NASDAQ: EZPW), a leading provider of pawn transactions in the United States and Latin America, will issue fourth quarter and full year fiscal 2024 financial results (period ended September 30, 2024) on Wednesday, November 13, 2024, after the market close. The Company will host a webcast and conference call at 9:00 a.m. Eastern time on Thursday, November 14, 2024, to discuss its results. The presentation slides will be ...

Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures [1][2] Group 1 - There is no stock, option, or similar derivative position held by the author in any mentioned companies [1] - The article expresses personal opinions and is not compensated beyond Seeking Alpha [1] - The views may not reflect those of Seeking Alpha as a whole, and the analysts may not be licensed or certified [2]

Ezcorp (EZPW) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a cha ...

AUSTIN, Texas, Sept. 11, 2024 (GLOBE NEWSWIRE) -- EZCORP, Inc. (NASDAQ:EZPW), a leading provider of pawn loans in the United States and Latin America, announced today that it has entered into a definitive agreement to acquire 53 pawn stores in Mexico. The seller, Presta Dinero, S.A. de C.V. and doing business as "Auto Dinero," currently operates across 21 states in Mexico and specializes in two types of auto pawn transactions – auto (vehicle) pawn, where the pawnbroker takes possession of the vehicle, and t ...

Core Viewpoint - EZCORP (NASDAQ:EZPW) is positioned as a strong investment opportunity amid a weakening economy, particularly benefiting lower-income consumers, with the stock having increased by 45% since November, outperforming the S&P 500 Index which rose by 24% [1][2]. Company Overview - EZCORP is one of the largest pawn brokers in the U.S. and Latin America, operating over 1,200 retail stores across five countries [5][6]. - The primary business model involves extending pawn loans, which are fully collateralized by the merchandise pawned by consumers [6][7]. Financial Performance - In Q3/F24, EZCORP reported a 10% year-over-year revenue increase to $281 million, with diluted EPS rising to $0.25 from $0.24 in Q3 2023 [9]. - Year-to-date revenues reached $867 million, reflecting an 11% year-over-year growth, while diluted EPS grew 134% year-over-year to $0.89, influenced by a previous write-off [9][10]. - Pawn loans outstanding grew 15% year-over-year to $265 million, and pawn service charges increased by 14% year-over-year [10][11]. Market Dynamics - The demand for pawn loans is counter-cyclical, with low-income consumers increasingly relying on these services during economic downturns [7][14]. - Latin America emerged as a standout performer, with pawn loans growing 30% year-over-year due to increased consumer demand and larger average loan sizes [12][13]. Valuation Metrics - Despite a 45% stock price increase, EZCORP remains attractively valued at a forward P/E of 10.6x, below the financial sector's average of 11.5x [14][15]. - Various valuation metrics indicate that EZCORP is trading at significant discounts compared to sector medians, suggesting potential for further upside [15]. Technical Analysis - The stock is in a well-defined uptrend since the COVID lows in 2020, with recent breakouts indicating a potential re-test of all-time highs around $15 per share from 2018 [16]. Conclusion - EZCORP's business model is well-suited for the current macroeconomic environment, making it a compelling buy for investors looking to capitalize on the ongoing cost-of-living crisis affecting low-income consumers [17].

Company Performance - Ezcorp shares have increased by 11.9% over the past month and have gained 29.8% since the start of the year, outperforming the Zacks Finance sector's 9.3% and the Zacks Financial - Consumer Loans industry's 6.4% [1] - The stock reached a new 52-week high of $11.66 in the previous session [1] Earnings and Revenue Expectations - Ezcorp has a strong record of positive earnings surprises, not missing earnings consensus estimates in the last four quarters, with the latest EPS reported at $0.23 against a consensus of $0.22 [2] - For the current fiscal year, Ezcorp is expected to post earnings of $1.13 per share on revenues of $1.16 billion, reflecting a 22.83% change in EPS and a 10.14% change in revenues [3] - For the next fiscal year, earnings are projected to be $1.23 per share on $1.24 billion in revenues, indicating year-over-year changes of 8.85% and 7.62%, respectively [3] Valuation Metrics - Ezcorp has a Value Score of A, with Growth and Momentum Scores of C and D, respectively, resulting in a VGM Score of B [6] - The stock trades at 10X current fiscal year EPS estimates, slightly below the peer industry average of 10.1X, and at 6X on a trailing cash flow basis compared to the peer group's average of 6.5X [6] Zacks Rank - Ezcorp holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, aligning with the recommendation for investors to select stocks with Zacks Rank of 1 or 2 and Style Scores of A or B [7] Industry Comparison - The Financial - Consumer Loans industry is in the top 13% of all industries, indicating favorable conditions for both Ezcorp and its peer, Enova International, Inc. [10] - Enova International has a Zacks Rank of 2 (Buy) and strong scores across Value, Growth, and Momentum categories, with expected earnings of $8.71 per share on revenues of $2.61 billion for the current fiscal year [8][9]

Ezcorp (EZPW) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this consumer financial services company would post earnings of $0.24 per share when it actually produced earnings of $0.28, delivering a surprise of 16.67%. Over the last four qua ...

Core Insights - EZCORP, Inc. reported strong financial results for the third quarter ended June 30, 2024, with record revenues and pawn loans outstanding, driven by robust customer demand and operational execution [2][3][4]. Financial Performance - Pawn loans outstanding (PLO) increased by 14% to $261.7 million [2][8]. - Total revenues rose by 10% to $281.4 million, while gross profit increased by 12% to $166.7 million [2][7]. - Net income was $18.0 million, slightly down from $18.2 million, but adjusted net income increased by 14% [2][8]. - Diluted earnings per share rose to $0.25 from $0.24, with adjusted diluted earnings per share increasing to $0.23 from $0.20 [2][8]. Operational Highlights - The company expanded its footprint by adding twelve new stores, including six in Latin America and one in the U.S., and acquired five stores in the U.S. [4][10]. - The EZ+ Rewards program grew to 5 million members globally, a 51% increase year-over-year, contributing to 76% of unique customer transactions [5][6]. - Online payments increased by 49% to $21.7 million collected in the U.S. [5]. Segment Performance - U.S. Pawn segment PLO increased by 11% to $199.3 million, with total revenues up 8% and gross profit up 9% [9]. - Latin America Pawn segment PLO improved by 24% to $62.4 million, with total revenues up 15% and gross profit up 21% [10][11]. Capital Allocation and Strategy - The company repurchased $3.0 million worth of shares during the quarter and settled convertible notes with $34.4 million in cash [4][6]. - EZCORP maintains a balanced capital allocation strategy, focusing on organic growth, acquisitions, and returning capital to shareholders [6].