Upbound Group Q3 Adj. EPS $0.79 Beats $0.75 Estimate, Sales $979.10M Beat $968.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upbound Group (NASDAQ:UPBD) reported Q3 adjusted earnings of $0.79 per share, beating the analyst consensus estimate of $0.75 by 5.33%. However, this is a 15.96% decrease from the same period last year. The company also reported quarterly sales of $979.10 million, beating the estimate of $968.56 million by 1.09%, but this is a 4.38% decrease from last year.
November 02, 2023 | 11:45 am
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Upbound Group's Q3 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
While beating estimates is generally positive for the stock, the YoY decrease in both earnings and sales could be a concern for investors, leading to potential uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100