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FirstCash: Strong Core Pawn Results, But Some Yellow Flags Elsewhere
Seeking Alpha· 2024-07-27 10:38
Gannet77 Better Results In Q2, But Still Some Evidence Of Strain A weakening economy is typically good news for pawn lenders like FirstCash, and the company saw healthy growth in pawn receivables this quarter, with 11% samestore growth in the U.S. operations and 8% growth in the Latin American operations. As confident as I am in the near-term outlook for the pawn business, I'm more cautious on the AFF POS business. Transaction volume decreased 2% as reported this quarter, but same-door transaction volume wa ...
FirstCash(FCFS) - 2024 Q2 - Quarterly Results
2024-07-25 19:08
EXHIBIT 99.1 FirstCash Reports Second Quarter Operating Results; U.S. Pawn Fees Grow 22%, Driving 25% Increase in U.S. Pawn Segment Earnings; 47 Pawn Locations Added in Second Quarter Through Acquisitions and New Store Openings; Quarterly Cash Dividend Increased to $0.38 per Share Fort Worth, Texas (July 25, 2024) -- FirstCash Holdings, Inc. ("FirstCash" or the "Company") (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale ( ...
FirstCash (FCFS) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-25 14:35
Core Insights - FirstCash reported revenue of $831.01 million for the quarter ended June 2024, reflecting a year-over-year increase of 10.7% [4] - The earnings per share (EPS) for the same quarter was $1.37, up from $1.22 in the previous year [4] - The revenue exceeded the Zacks Consensus Estimate of $816.63 million by 1.76%, while the EPS also surpassed the consensus estimate of $1.36 by 0.74% [1] Revenue Breakdown - Leased merchandise income was reported at $194.57 million, which is a 2.5% increase year-over-year but below the average estimate of $206.55 million [2] - Pawn loan fees reached $181.05 million, representing a significant year-over-year increase of 17.4%, exceeding the average estimate of $174.22 million [2] - Interest and fees on finance receivables were reported at $56.80 million, showing a year-over-year decline of 2.4% and falling short of the average estimate of $58.71 million [2] Stock Performance - Over the past month, FirstCash shares have returned 2.9%, contrasting with a 0.3% decline in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
FirstCash Holdings (FCFS) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 12:15
FirstCash, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $831.01 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.76%. This compares to year-ago revenues of $750.62 million. The company has topped consensus revenue estimates two times over the last four quarters. FirstCash Holdings (FCFS) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.22 ...
3 Payday Loan Stocks Set to Cash In on Summer Spending
investorplace.com· 2024-05-28 19:38
Payday loan stocks may perform strongly this summer as the US economy appears headed for a situation that could benefit companies and consumers. With historically low unemployment rates and more people receiving paychecks, the potential for an expanded base of payday loan customers remains solid, especially as interest rates are expected to decline throughout the year. Payday loan companies saw profit declines due to higher financing costs as interest rates rose in recent years. However, the current environ ...
FirstCash(FCFS) - 2024 Q1 - Quarterly Report
2024-04-29 19:46
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission file number 001-10960 FIRSTCASH HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 87- ...
FirstCash(FCFS) - 2024 Q1 - Quarterly Results
2024-04-25 18:13
EXHIBIT 99.1 FirstCash Reports Record First Quarter Results; Earnings per Share Increase 32% in Total and 24% on an Adjusted Basis; Announces Acquisitions of 22 U.S. Pawn Stores and 19 New Store Openings in LatAm; Declares Quarterly Cash Dividend Fort Worth, Texas (April 25, 2024) -- FirstCash Holdings, Inc. ("FirstCash" or the "Company") (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale ("POS") payment solutions through A ...
FirstCash Holdings (FCFS) Tops Q1 Earnings Estimates
Zacks Investment Research· 2024-04-25 12:11
FirstCash Holdings (FCFS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this pawn store would post earnings of $1.91 per share when it actually produced earnings of $2.04, delivering a surprise of 6.81%.Over the last four quarters, the comp ...
FirstCash Reports Record First Quarter Results; Earnings per Share Increase 32% in Total and 24% on an Adjusted Basis; Announces Acquisitions of 22 U.S. Pawn Stores and 19 New Store Openings in LatAm; Declares Quarterly Cash Dividend
Newsfilter· 2024-04-25 10:00
FORT WORTH, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. ("FirstCash" or the "Company") (NASDAQ:FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale ("POS") payment solutions through American First Finance ("AFF"), today announced operating results for the three month period ended March 31, 2024. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.35 per share, which wi ...
Gear Up for FirstCash (FCFS) Q1 Earnings: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-24 14:21
Analysts on Wall Street project that FirstCash Holdings (FCFS) will announce quarterly earnings of $1.50 per share in its forthcoming report, representing an increase of 20% year over year. Revenues are projected to reach $844.95 million, increasing 10.8% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over t ...