Upbound Group (UPBD) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power o ...

A downtrend has been apparent in Upbound Group (UPBD) lately. While the stock has lost 10.9% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for t ...

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Upbound Group, Inc. (UPBD) , earlier known as Rent-A-Center, posted its second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The company's revenues increased year over year while earnings declined. Upbound reported a strong second-quarter performance with improved lease origination and customer payment trends, leading to earnings above internal projections despite challenging conditions. The company is optimistic about its platform's ability to support c ...

Upbound Group (UPBD) reported $1.08 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 9.9%. EPS of $1.04 for the same period compares to $1.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +3.72%. The company delivered an EPS surprise of +1.96%, with the consensus EPS estimate being $1.02. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Upbound Group (UPBD) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this company that leases furniture and appliances with an option to buy would post earnings of $0.77 per share when it actually produced earnings of $0.79, delivering a sur ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.04 billion, up 6% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates ove ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Upbound Group (UPBD) . This company, which is in the Zacks Financial - Leasing Companies industry, shows potential for another earnings beat. This company that leases furniture and appliances with an option to buy has an established record of topping earnings estimates, especially when looking at the previous two reports. The ...

The headwinds due to high LCOs should reduce in upcoming quarters, which should lead to improving margins for the Acima business. The business is also expected to continue its strong growth, supported by recent merchant signings as it leverages its sizeable sales force. The company ended the first quarter with $1.31 billion in debt, of which around $850 million has been financed at floating rates. Its net debt to 2024 EBITDA ratio is 2.6. Quarterly net interest expenses are running at approximately $29 mill ...

Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own PLANO, Texas, June 18, 2024 /PRNewswire/ -- Acima Leasing, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), is announcing its newest partnership with the "Top 30" 1 furniture retailer, Slumberland Furniture. This exclusive, multi-year agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, ...