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Upbound Group (UPBD)
NASDAQ:UPBD
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.03Last Year’s EPS
0.81Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: 10.43%
|Next Earnings Date:Jul 30, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong revenue and growth metrics, particularly in the Acima segment, and successful strategic initiatives. However, challenges such as increased lease charge-offs at Rent-A-Center and legal settlement costs were noted. Overall, the positive aspects and growth outlook indicate a strong performance despite these challenges.Company Guidance
During the Q3 2024 earnings call for Upbound Group (symbol: UPBD), several key financial metrics and guidance were provided. The company reported a third-quarter revenue of nearly $1.1 billion, with Adjusted EBITDA at approximately $117 million and non-GAAP EPS at $0.95, aligning with previous guidance. Acima achieved a 19% year-over-year revenue increase, and Rent-A-Center saw a 110 basis point revenue improvement. Despite challenges, such as store closures, Acima's GMV grew 13% year-over-year, and its lease charge-off rate improved to 9.2%. Rent-A-Center experienced a slight uptick in charge-offs to 4.9% but maintained an adjusted EBITDA margin of 16.3%. Looking forward, Upbound Group expects to meet its full-year guidance, with revenue projected between $4.2 billion and $4.3 billion, adjusted EBITDA ranging from $470 million to $480 million, and non-GAAP EPS between $3.75 and $3.90. The company anticipates low double-digit GMV growth at Acima and stable EBITDA margins for both segments.Strong Revenue and EBITDA Growth
Third quarter revenue was nearly $1.1 billion, with adjusted EBITDA at approximately $117 million. Consolidated revenue grew 9.2% year-over-year, and EBITDA increased by 10%.
Acima Segment Performance
Acima led with a 19% revenue increase year-over-year, and GMV growth was 13%. Acima's lease charge-off rate improved sequentially and year-over-year to 9.2%.
Rent-A-Center Same-Store Sales Growth
Rent-A-Center achieved 2.6% same-store sales growth for the third consecutive quarter and an adjusted EBITDA margin increase of 130 basis points year-over-year.
Strategic Store Transactions
Successful sale of 55 stores in New York Metro area to a franchisee, expected to be EBITDA enhancing.
Positive Outlook and Guidance
Expect to achieve full year guidance with revenue in the $4.2 billion to $4.3 billion range and adjusted EBITDA in the $470 million to $480 million range.
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UPBD 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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UPBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $26.75 | $28.88 | +7.96% |
| Aug 01, 2024 | $36.83 | $34.34 | -6.76% |
| May 02, 2024 | $30.51 | $29.31 | -3.93% |
| Feb 22, 2024 | $30.65 | $32.39 | +5.68% |
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 Upbound Group (UPBD) report earnings?
Upbound Group (UPBD) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Upbound Group (UPBD) earnings time?
Upbound Group (UPBD) earnings time is at Feb 19, 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 UPBD EPS forecast?
UPBD EPS forecast for the fiscal quarter 2024 (Q4) is 1.03.
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