Upbound Group Q4 Adj. EPS $0.81 Beats $0.77 Estimate, Sales $1.02B Beat $994.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Upbound Group (NASDAQ:UPBD) reported Q4 adjusted EPS of $0.81, surpassing the $0.77 estimate, and sales of $1.02B, exceeding the $994.07M estimate. This represents a 5.81% decrease in EPS and a 2.78% increase in sales year-over-year.
February 22, 2024 | 12:22 pm
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Upbound Group reported a Q4 adjusted EPS of $0.81, beating estimates, and sales of $1.02B, also above expectations. Despite a year-over-year decrease in EPS, sales increased.
Beating both EPS and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The year-over-year decrease in EPS might temper some enthusiasm, but the overall positive results and sales growth suggest a bullish outlook in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100