Consumer Portfolio Services Q1 2024 EPS $0.19 Down From $0.54 YoY; Revenue $91.7M Up From $83.1M YoY
Portfolio Pulse from Benzinga Newsdesk
Consumer Portfolio Services reported a Q1 2024 EPS of $0.19, a decrease from $0.54 YoY. However, their revenue increased to $91.7M from $83.1M YoY.
May 10, 2024 | 8:17 pm
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Consumer Portfolio Services (CPSS) reported a decrease in EPS to $0.19 from $0.54 YoY for Q1 2024, but an increase in revenue to $91.7M from $83.1M YoY.
The decrease in EPS for CPSS indicates a drop in profitability, which could negatively impact investor sentiment. However, the increase in revenue suggests growth in business operations, potentially offsetting the negative impact of lower EPS. The mixed results make the short-term price direction uncertain, hence a neutral score.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100