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CPI Card Group Inc. (PMTS)
:PMTS
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.6Last Year’s EPS
0.69Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 33.63%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong third quarter results with significant growth in net sales and adjusted EBITDA, driven by product sales and the prepaid business. Despite the decline in net income due to debt refinancing costs, the company provided an optimistic financial outlook for the full year 2024, along with strategic advancements in digital solutions and innovative products.Company Guidance
In the CPI Card Group's Q3 2024 earnings call, the company reported its second-largest sales quarter ever, with net sales increasing by 18% and product sales, particularly debit and credit cards, growing by 25%. Additionally, the company experienced a 20% growth in both net sales and adjusted EBITDA, with gross margins improving by 170 basis points compared to the previous year. The prepaid business grew by 13%, and the Debit and Credit segment saw a 19% increase, driven by eco-focused contactless cards and instant issuance solutions. Despite elevated channel inventory levels, the company expects continued growth and increased its full-year financial outlook, projecting mid to high single-digit sales growth and low single-digit adjusted EBITDA growth. The company also emphasized strategic initiatives, including expanding digital solutions and innovations like the new contactless chip technology, which could provide long-term growth opportunities.Strong Third Quarter Results
Delivered the second largest sales quarter in the company's history with nearly 20% growth in both net sales and adjusted EBITDA.
Net Sales and Product Sales Growth
Net sales increased 18% in the quarter, with product sales growing 25%, led by strong sales of eco-focused contactless cards.
Prepaid Business Performance
Prepaid business delivered 13% growth in the quarter, driven by demand for higher-priced fraud-focused packaging solutions.
Gross Margin Improvement
Gross margins increased 170 basis points compared to the prior year, with overall gross profit increasing 24% in the quarter.
Financial Outlook Upgrade
Increased full year outlook for 2024 with an updated net sales range, adjusted EBITDA, and cash flow expectations.
Innovation and Digital Solutions
Announced ability to produce cards with a new advanced contactless chip and signed an agreement with Rippleshot for fraud prevention tools.
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PMTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PMTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $22.54 | $24.14 | +7.10% |
| Aug 05, 2024 | $28.58 | $23.50 | -17.77% |
| May 07, 2024 | $18.21 | $20.54 | +12.80% |
| Mar 07, 2024 | $18.50 | $15.97 | -13.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CPI Card Group Inc. (PMTS) report earnings?
CPI Card Group Inc. (PMTS) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is CPI Card Group Inc. (PMTS) earnings time?
CPI Card Group Inc. (PMTS) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PMTS EPS forecast?
PMTS EPS forecast for the fiscal quarter 2024 (Q4) is 0.6.
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