Upbound (UPBD) posts strong second-quarter 2024 results, with revenue growth and earnings declining year over year. The company raises its 2024 earnings targets, citing long-term market opportunities.
Upbound Group, Inc. (NASDAQ:UPBD ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Jeff Chesnut - Head of Investor Relations Mitch Fadel - Chief Executive Officer Fahmi Karam - Chief Financial Officer Conference Call Participants Vincent Caintic - BTIG Hoang Nguyen - TD Cowen Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Derek Sommers - Jefferies John Rowan - Janney Montgomery Scott Carla Casella - JPMorgan Operator Good day. Thank you for standing by.
The headline numbers for Upbound Group (UPBD) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
Upbound Group (UPBD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Upbound Group (UPBD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Shares are down more than 10% this year despite solid business performance in a tough macro environment. Acima is demonstrating strong performance, with growth rates approaching 20%. Shares are trading at an attractive valuation and at a discount to peers, despite delivering superior performance.
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