EZCORP Up 17% on Earnings

By: TraderMark Friday, January 23, 2009 10:29 AM

Article Author

Bio and Articles
Author's Website

Vote for next session

The next market session will close:

I don't do gambling (i.e. pile into a stock ahead of earnings hoping the dice throw goes my way) but I did write that after all the suffering EZCORP (EZPW) has suffered through it was setting up for an upside surprise (Jan 21: EZCORP Suffering Due to Competitor's Warning)

Further, we have earnings on the 22nd (tomorrow) so no reason to make a "bet" (and that's all it is) ahead of 50/50 proposition. If I had to guess however, I think the stock could be setting up for an upside surprise based on a solid earnings.

Last night the company came through with yet ANOTHER solid earnings - same story as last quarter (Nov 6: EZCORP - Executing Well, Raising Guidance for '09) ... this just might be one of those names you are correct on factually and conceptually but the market constantly wrings its hands over - hence you cannot make a lot of money on it. The stock is up 17% today, but only a bit higher than where we cut back on the position. It is now back at a point it is facing resistance in the chart.

Pawn shop owner and lending company Ezcorp Inc. said Thursday its fiscal first-quarter profit rose 18 percent as stronger sales offset increased expenses. For the three months ended Dec. 31, net income rose to $14.8 million, or 33 cents per share, compared with $12.6 million, or 29 cents per share, in the year-earlier period. Excluding one-time items, the company earned 35 cents per share. Analysts polled by Thomson Reuters expected, on average, earnings per share of 34 cents.
Revenue climbed 15 percent to $128.6 million from $112.3 million.

Guidance

Pawn shop owner and payday lender Ezcorp Inc. said issued a forecast for its fiscal 2009 earnings per share that tops analysts' consensus estimate.

Bookmark:
Email
Print

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.

Related Stories