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, ...
