Atlanticus Holdings Q2 EPS $1.02 Beats $0.74 Estimate, Sales $290.84M Beat $270.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Atlanticus Holdings (NASDAQ:ATLC) reported Q2 earnings of $1.02 per share, beating the analyst consensus estimate of $0.74 by 37.84%. However, this is a 30.14% decrease from the same period last year. The company also reported quarterly sales of $290.84 million, beating the estimate of $270.47 million by 7.53%, and marking a 7.70% increase from last year.
August 09, 2023 | 5:37 am
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Atlanticus Holdings reported better than expected Q2 earnings and sales. However, earnings per share decreased by 30.14% compared to the same period last year.
While Atlanticus Holdings beat Q2 estimates, the decrease in earnings per share compared to the same period last year might offset the positive impact of beating estimates. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100