Aaron's (AAN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Aaron's Company, Inc. (AAN) reported revenue of $525.68 million, down 11.4% over the same period last year. EPS came in at $0.01, compared to $0.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $537.29 million, representing a surprise of -2.16%. The company delivered an EPS surprise of -83.33%, with the consensus EPS estimate being $0.06.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aaron's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Lease revenues and fees & retail sales: $340.81 million versus $350.09 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -39.2% change.
Revenues- Retail Sales: $155.68 million compared to the $157.70 million average estimate based on five analysts.
Revenues- Franchise royalties and other revenues: $5.62 million versus $5.86 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
Revenues- Aaron's Business- Non-Retail Sales: $23.57 million versus the five-analyst average estimate of $23.66 million. The reported number represents a year-over-year change of -11.2%.
Revenues- Aaron's Business- Franchise royalties and fees: $5.44 million versus $5.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.2% change.
Revenues- Aaron's Business- Other: $0.17 million versus $0.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.
View all Key Company Metrics for Aaron's here>>>
Shares of Aaron's have returned -11.2% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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The Aaron's Company, Inc. (AAN) : Free Stock Analysis Report
