Core Insights - FirstCash Holdings reported revenue of $837.32 million for the quarter ended September 2024, reflecting a year-over-year increase of 6.5% [1] - The company's EPS was $1.67, up from $1.56 in the same quarter last year, with an EPS surprise of +5.70% compared to the consensus estimate of $1.58 [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $838.35 million, resulting in a surprise of -0.12% [1] Revenue Breakdown - Leased merchandise income was reported at $188.56 million, which was below the two-analyst average estimate of $192.70 million, showing a year-over-year decline of -0.4% [2] - Pawn loan fees reached $186.56 million, exceeding the two-analyst average estimate of $178.95 million, with a year-over-year increase of +6.9% [2] - Interest and fees on finance receivables amounted to $61.20 million, surpassing the two-analyst average estimate of $58.71 million, but also reflecting a year-over-year decrease of -0.4% [2] Stock Performance - Over the past month, FirstCash shares have returned -3.1%, contrasting with the Zacks S&P 500 composite's increase of +1.5% [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]

分组1 - FirstCash Holdings reported quarterly earnings of $1.67 per share, exceeding the Zacks Consensus Estimate of $1.58 per share, and showing an increase from $1.56 per share a year ago, representing an earnings surprise of 5.70% [1] - The company posted revenues of $837.32 million for the quarter ended September 2024, which was slightly below the Zacks Consensus Estimate by 0.12%, and an increase from $786.3 million year-over-year [1] - Over the last four quarters, FirstCash has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [1] 分组2 - The stock has underperformed the market with a gain of about 1.6% since the beginning of the year, compared to the S&P 500's gain of 21.5% [2] - The current consensus EPS estimate for the upcoming quarter is $2 on revenues of $910.1 million, and for the current fiscal year, it is $6.52 on revenues of $3.42 billion [4] - The Zacks Industry Rank for Financial Transaction Services is in the top 32% of over 250 Zacks industries, indicating a favorable outlook for the industry [5]

FORT WORTH, Texas, Oct. 24, 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 and nine month periods ended September 30, 2024. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.38 per s ...

Analysts on Wall Street project that FirstCash Holdings (FCFS) will announce quarterly earnings of $1.58 per share in its forthcoming report, representing an increase of 1.3% year over year. Revenues are projected to reach $838.35 million, increasing 6.6% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company r ...

The market expects FirstCash Holdings (FCFS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...

Core Viewpoint - FirstCash Holdings, Inc. has amended its long-term, unsecured bank credit facility, increasing the commitment size to $700 million and extending the maturity date to August 2029 [1][2]. Financial Summary - The credit facility size increased from $640 million to $700 million, with the maturity date extended from August 2027 to August 2029 [2]. - The amended facility allows for a permitted leverage ratio of up to 3.25 times adjusted EBITDA for the full term, while other financial covenants remain largely unchanged [2]. Strategic Implications - The CEO of FirstCash stated that the additional capacity and extension of the credit facility will support growth and expansion in the U.S. and Latin America, as well as ongoing shareholder payouts through cash dividends and share repurchases [3]. - FirstCash operates over 3,000 pawn stores, focusing on cash and credit-constrained consumers, with approximately 80% of segment earnings coming from its pawn segments in the U.S. and Latin America [4].

The Company's management, under the supervision and with the participation of the Company's Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934) as of June 30, 2024 (the "Evaluation Date"). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that, as of the Evaluation Date, the Company's disclosure controls and ...

Core Insights - FirstCash reported better than expected results for Q2, with revenue up approximately 1% and significant growth in the U.S. pawn business, which saw a 20% increase in revenue [10] - The company experienced healthy growth in pawn receivables, with 11% same-store growth in U.S. operations and 8% growth in Latin American operations [3] - The AFF POS business showed signs of weakness, with a 2% decrease in transaction volume and a significant 20% decline in same-door transaction volume [4] Financial Performance - Overall gross margin improved by 60 basis points, leading to a 13% growth in adjusted EBITDA and an 18% increase in adjusted operating income [10] - U.S. pawn revenue rose by 20%, with core pawn revenue up 19% and retail sales increasing by 17% [10] - Latin American pawn operations saw a 4% revenue increase in constant currency, with core pawn operations growing by 5% [10] Market Outlook - The economic environment is favorable for pawn lending, with expectations of continued strong performance through 2024 and into 2025 [11] - The company anticipates robust revenue growth of around 7% in the long term, driven by profitable growth in U.S. operations and expansion in Latin America [9] - Concerns exist regarding the regulatory environment in Mexico and potential challenges in the AFF business, which may impact future performance [6][11] Valuation and Investment Perspective - FirstCash shares are currently down about 10% from previous assessments, with the stock viewed as undervalued but not at an ideal price point for aggressive investment [6][13] - The fair value of the stock is estimated to be in the range of $120-$125, contingent on improved margins and transaction volume growth in the AFF business [9]

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 ( ...

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]