Regional Mgmt Q1 2024 GAAP EPS $1.56 Beats $0.88 Estimate, Sales $144.308M Beat $140.046M Estimate
Portfolio Pulse from Benzinga Newsdesk
Regional Management Corp. (NYSE:RM) reported Q1 2024 earnings of $1.56 per share, surpassing the $0.88 estimate by 77.27%, and a 73.33% increase from last year's $0.90. Sales reached $144.308M, exceeding the $140.046M estimate by 3.04%, marking a 6.60% increase from the previous year.
May 01, 2024 | 9:33 pm
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POSITIVE IMPACT
Regional Management Corp. (RM) reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $1.56 and sales at $144.308M.
The substantial beat on both earnings per share and sales estimates for Q1 2024 indicates strong financial performance and operational efficiency. This outperformance, especially being significantly higher than analyst expectations, is likely to instill investor confidence and could lead to a positive short-term impact on RM's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100