Compared to Estimates, FirstCash (FCFS) Q3 Earnings: A Look at Key Metrics
FirstCash Holdings (FCFS) reported $786.3 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 17%. EPS of $1.56 for the same period compares to $1.30 a year ago.
The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $767.02 million. With the consensus EPS estimate being $1.40, the EPS surprise was +11.43%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how FirstCash performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Leased merchandise income: $189.38 million compared to the $193.03 million average estimate based on three analysts. The reported number represents a change of +19.8% year over year.
Pawn loan fees: $174.56 million versus the three-analyst average estimate of $166.70 million. The reported number represents a year-over-year change of +19.8%.
Interest and fees on finance receivables: $61.41 million compared to the $60.01 million average estimate based on three analysts. The reported number represents a change of +25.7% year over year.
View all Key Company Metrics for FirstCash here>>>
Shares of FirstCash have returned +4.1% over the past month versus the Zacks S&P 500 composite's -3.4% 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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FirstCash Holdings, Inc. (FCFS) : Free Stock Analysis Report
