Conn's First Quarter 2024 Earnings: Misses Expectations
Conn's (NASDAQ:CONN) First Quarter 2024 Results
Key Financial Results
Revenue: US$284.6m (down 16% from 1Q 2023).
Net loss: US$35.4m (down from US$6.22m profit in 1Q 2023).
US$1.47 loss per share (down from US$0.25 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Conn's Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 15%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are up 5.1% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Conn's (of which 1 is significant!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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