First Cash Financial Services (FCFS) Misses Q4 EPS by 4c; Issues Light FY15 EPS Outlook on FX Impact

First Cash Financial Services (NASDAQ: FCFS) reported Q4 EPS of $0.94, $0.04 worse than the analyst estimate of $0.98. Revenue for the quarter came in at $202.77 million versus the consensus estimate of $208.25 million.

First Cash Financial Services sees FY2015 EPS of $2.75-$2.90, versus the consensus of $3.18.

• The guidance assumes approximately $0.20 to $0.23 of earnings per share drag, net of tax, for fiscal 2015 due to the full year impact of an assumed exchange rate of 14.6 Mexican pesos / U.S. dollar for 2015, as compared to the actual rate of 13.3 in 2014.
• Full year earnings per share expectations are also impacted by approximately $0.18 to $0.21 per share in additional income tax expense in 2015 due to an expected increase in the effective tax rate to a normalized range of 31% to 32% for fiscal 2015, compared to 27% in 2014.
• Fiscal 2015 estimates are further tempered by expected declines in earnings from payday lending operations of approximately $0.04 per share, net of tax.

For earnings history and earnings-related data on First Cash Financial Services (FCFS) click here.

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