EZCORP Q1 revenue beats estimates

Overview

• Pawn transaction provider's Q1 revenue rose 19% to $382 mln, adjusted EPS beat expectations

• Company expanded to 1,500 stores across 16 countries after recent acquisitions

• Adjusted EBITDA rose 36% to $70.3 mln, exceeding analyst estimates

Outlook

• Company plans to integrate and scale newly acquired platforms for future growth

• EZCORP aims to pursue additional organic and inorganic growth opportunities

Result Drivers

• PAWN LOANS - PLO rose 14% to $314.4 mln, driven by higher average loan size and strong pawn demand

• STORE EXPANSION - Co added 23 stores, including 17 acquired and 7 new, enhancing its market presence

• JEWELRY SALES - Jewelry scrap sales surged 139%, benefiting from higher gold prices and increased purchases

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for EZCORP Inc is $25.50, about 15.4% above its February 3 closing price of $22.09

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX1TGFpS

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