Atlanticus Holdings Corp reports results for the quarter ended June 30 - Earnings Summary

• Atlanticus Holdings Corp ATLC.OQ reported quarterly adjusted earnings of $1.51​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 99 cents. The mean expectation of six analysts for the quarter was for earnings of $1.23 per share. Wall Street expected results to range from $1.11 to $1.33 per share.

• Revenue rose 24.7% to $394.16 million from a year ago; analysts expected $357.51 million.

• Atlanticus Holdings Corp's reported EPS for the quarter was $1.51​.

• The company reported quarterly net income of $28.35 million.

• Atlanticus Holdings Corp shares had fallen by 8.9% this quarter and lost 10.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the consumer lending peer group is also "buy"

• Wall Street's median 12-month price target for Atlanticus Holdings Corp is $70.00, about 29.1% above its last closing price of $49.61

This summary was machine generated from LSEG data August 8 at 04:53 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)