Credit Acceptance's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Credit Acceptance (NASDAQ:CACC) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $5.99. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, CACC beat the EPS estimate by $4.99, resulting in a 1.35% stock price increase the following day. Over the past year, CACC shares have risen by 5.15%, trading at $557.62 as of January 29.
January 30, 2024 | 8:01 pm
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POSITIVE IMPACT
Credit Acceptance is anticipated to report quarterly earnings with investors focusing on both the earnings beat and future guidance. Historical data shows significant stock movement post-earnings release.
Given the historical sensitivity of CACC's stock price to earnings performance and guidance, a positive report could lead to a short-term price increase. The stock has shown to react to both earnings beats and misses, with the last beat resulting in a 1.35% rise. Long-term shareholders have seen a 5.15% increase over the past 52 weeks, indicating a generally positive trend that could continue with favorable earnings news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100