Upbound Group Q1 2024 Adj EPS $0.79 Beats $0.77 Estimate, Sales $1.069B Beat $1.050B Estimate
Portfolio Pulse from Benzinga Newsdesk
Upbound Group (NASDAQ:UPBD) reported Q1 2024 adjusted EPS of $0.79, surpassing the $0.77 estimate, with sales of $1.069B exceeding the $1.050B forecast. This represents a 5.22% increase in sales compared to the same period last year.
May 02, 2024 | 11:01 am
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Upbound Group reported a Q1 2024 adjusted EPS of $0.79, beating estimates, and sales of $1.069B, also above expectations. Year-over-year sales growth was 5.22%.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year sales growth further strengthens the company's financial position and market confidence.
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IMPORTANCE 90
RELEVANCE 100