Atlanticus Holdings Corporation (ATLC) Q3 Earnings and Revenues Surpass Estimates

Group 1: Earnings Performance - Atlanticus Holdings Corporation (ATLC) reported quarterly earnings of $1.27 per share, exceeding the Zacks Consensus Estimate of $1.23 per share, and up from $1.03 per share a year ago, representing an earnings surprise of 3.25% [1] - The company posted revenues of $350.95 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.44%, compared to year-ago revenues of $294.91 million [2] - Over the last four quarters, Atlanticus has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Atlanticus shares have increased by approximately 8% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's earnings outlook will be crucial for future stock movements, with current consensus EPS estimates for the coming quarter at $1.22 and $4.54 for the current fiscal year [4][7] - The estimate revisions trend for Atlanticus is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which Atlanticus belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]