Upbound Group Q2 EPS $1.11 Beats $0.72 Estimate, Sales $979.20M Beat $968.05M Estimate
Portfolio Pulse from Happy Mohamed
Upbound Group (NASDAQ:UPBD) reported Q2 earnings of $1.11 per share, beating the analyst consensus estimate of $0.72 by 54.17%. However, this is a 3.48% decrease from the same period last year. The company also reported quarterly sales of $979.20 million, beating the analyst consensus estimate of $968.05 million by 1.15%, but this is an 8.57% decrease from the same period last year.
August 04, 2023 | 1:08 pm
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NEUTRAL IMPACT
Upbound Group's Q2 earnings and sales beat estimates but decreased from the same period last year.
While Upbound Group beat analyst estimates for Q2 earnings and sales, the decrease from the same period last year might concern investors. The mixed results could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100