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Strength Seen in Atlanticus (ATLC): Can Its 5.5% Jump Turn into More Strength?
ZACKSยท 2025-09-16 18:40
Core Insights - Atlanticus Holdings Corporation (ATLC) shares increased by 5.5% to close at $76.15, supported by strong trading volume, and have gained 17.6% over the past four weeks [1][2] Company Developments - The recent stock price rise may be attributed to B. Riley raising the target price for ATLC, alongside the acquisition of Mercury Financial LLC, which enhances Atlanticus' credit program offerings and is expected to create value through portfolio optimization and new growth opportunities [2] - Atlanticus leverages its proprietary fintech platform and advanced data analytics to provide inclusive credit solutions, targeting underserved consumers and ensuring strong recurring revenues across various sectors [3] Financial Performance Expectations - The company is projected to report quarterly earnings of $1.49 per share, reflecting a year-over-year increase of 17.3%, with revenues expected to reach $388.81 million, up 10.8% from the previous year [4] - The consensus EPS estimate for Atlanticus has remained stable over the last 30 days, indicating that stock price movements may be influenced by trends in earnings estimate revisions [5] Industry Context - Atlanticus is part of the Zacks Financial - Miscellaneous Services industry, where WisdomTree, Inc. (WT) experienced a 3% decline in the last trading session, contrasting with ATLC's performance [6]