Stock Track | FirstCash Soars 6.86% on Strong Q3 Results, Buyback Plan, and Positive Outlook

Stock Track10-30

FirstCash (FCFS) stock is soaring 6.86% in Thursday's pre-market trading following the company's announcement of exceptional third-quarter results that significantly surpassed analyst expectations. The pawn store operator and consumer finance company reported robust growth across all segments, driven by strong pawn demand and the recent acquisition of H&T pawn stores in the UK.

The company reported Q3 revenue of $935.58 million, beating the consensus estimate of $850 million. Adjusted earnings per share (EPS) came in at $2.26, well above the expected $1.97, representing a 35.33% increase from the same period last year. This strong performance was attributed to high pawn demand across U.S., Latin America, and UK markets, as well as the contribution from the recently acquired H&T pawn stores.

Adding to investor optimism, FirstCash raised its full-year revenue growth expectations for both U.S. and Latin American operations. The company also announced a new $150 million share repurchase plan and declared a quarterly dividend of $0.42 per share. With a positive outlook for Q4, including expected H&T earnings accretion of $0.18 to $0.20 per share, FirstCash appears well-positioned for continued growth in the coming quarters.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment