Earnings Outlook For Credit Acceptance
Portfolio Pulse from Benzinga Insights
Credit Acceptance (NASDAQ:CACC) is set to release its quarterly earnings report on October 30, 2023. Analysts estimate an EPS of $5.71. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $410.92, down 12.85% over the last 52 weeks.
October 27, 2023 | 7:01 pm
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Credit Acceptance is expected to report an EPS of $5.71 in its upcoming earnings. The company's stock has historically dropped following earnings beats.
The company's stock has shown a pattern of dropping following earnings beats. Given this trend and the fact that the stock is down 12.85% over the last 52 weeks, it's likely that the stock will continue to drop in the short term, especially if the company beats the earnings estimate again.
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