Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
25 January 1995Website:
http://www.upbound.comNext earnings report:
01 November 2024Last dividends:
01 October 2024Next dividends:
N/APrice
after hours | Tue, 01 Oct 2024 22:58:08 GMTAnalysts recommendations
Institutional Ownership
UPBD Latest News
Upbound Group, Inc. appears undervalued due to its expanding retail network, proprietary automated decision engine, and significant market opportunity among U.S. consumers lacking traditional credit access. The company's flexible lease-purchase agreements, better-than-expected EPS, and revenue growth, along with a low forward earnings multiple, indicate strong future FCF growth potential. Key business drivers include increased retail partner locations, robust automated customer selection processes, rising e-commerce revenue, and effective marketing strategies.
Shares are down this year despite solid performance in the underlying business. Leading indicators point to growth and profitability remaining strong in upcoming quarters. The risks I see with this investment are related to its debt and ongoing litigation.
Upbound Group (UPBD), AES Corporation (AES), Arch Capital (ACGL), PulteGroup (PHM) and Banco de Chile (BCH) are some of the stocks with high ROE to profit as markets inch closer to all-time highs reached in mid-July.
The consensus price target hints at a 27.3% upside potential for Upbound Group (UPBD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Upbound Group (UPBD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Upbound Group (UPBD) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Upbound (UPBD) posts strong second-quarter 2024 results, with revenue growth and earnings declining year over year. The company raises its 2024 earnings targets, citing long-term market opportunities.
Upbound Group, Inc. (NASDAQ:UPBD ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Jeff Chesnut - Head of Investor Relations Mitch Fadel - Chief Executive Officer Fahmi Karam - Chief Financial Officer Conference Call Participants Vincent Caintic - BTIG Hoang Nguyen - TD Cowen Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Derek Sommers - Jefferies John Rowan - Janney Montgomery Scott Carla Casella - JPMorgan Operator Good day. Thank you for standing by.
The headline numbers for Upbound Group (UPBD) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Upbound Group (UPBD) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.11 per share a year ago.
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What type of business is Upbound?
Upbound Group, Inc. leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories. It also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for traditional financing, the lease to-own transaction through staffed or unstaffed kiosks located in third-party retailer's locations, and other virtual options. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and company-owned stores and e-commerce platform through rentacenter.com. The company was formerly known as Rent-A-Center, Inc. and changed its name to Upbound Group, Inc. in February 2023. Upbound Group, Inc. was founded in 1960 and is based in Plano, Texas.
What sector is Upbound in?
Upbound is in the Technology sector
What industry is Upbound in?
Upbound is in the Software Application industry
What country is Upbound from?
Upbound is headquartered in United States
When did Upbound go public?
Upbound initial public offering (IPO) was on 25 January 1995
What is Upbound website?
https://www.upbound.com
Is Upbound in the S&P 500?
No, Upbound is not included in the S&P 500 index
Is Upbound in the NASDAQ 100?
No, Upbound is not included in the NASDAQ 100 index
Is Upbound in the Dow Jones?
No, Upbound is not included in the Dow Jones index
When was Upbound the previous earnings report?
No data
When does Upbound earnings report?
The next expected earnings date for Upbound is 01 November 2024