Preview: Credit Acceptance's Earnings

Credit Acceptance (NASDAQ:CACC) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Credit Acceptance to report an earnings per share (EPS) of $9.05.

Credit Acceptance bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Performance in Previous Earnings

In the previous earnings release, the company beat EPS by $1.38, leading to a 14.89% drop in the share price the following trading session.

Here's a look at Credit Acceptance's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

8.91

8.35

5.43

5.71

EPS Actual

10.29

9.28

10.06

10.70

Price Change %

-15.0%

-4.0%

7.000000000000001%

1.0%

Market Performance of Credit Acceptance's Stock

Shares of Credit Acceptance were trading at $465.59 as of October 28. Over the last 52-week period, shares are up 10.56%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on Credit Acceptance

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Credit Acceptance.

Analysts have provided Credit Acceptance with 1 ratings, ...