Alliance Data Systems (ADS) Tops Q3 EPS by $1.20

Alliance Data Systems (NYSE: ADS) reported Q3 EPS of $4.47, $1.20 better than the analyst estimate of $3.27. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.08 billion.

2021 FULL-YEAR OUTLOOK:

"For full-year 2021, we expect our credit sales to increase at a double-digit growth rate providing positive receivables growth momentum into 2022. Based on our current visibility and payment rate expectations, receivables at year-end 2021 are projected to be in line with year-end 2020 levels. We expect to resume high-single- to low-double-digit average receivables growth in 2022," said Mr. Andretta. "Given the continued strength of our credit metrics, we now expect a net loss rate in the high 4% range for the year. Total revenue for the year is anticipated to be down low-single-digits compared to 2020 driven by lower receivables. As a result of lower expenses in the third quarter, partially driven by improved credit and collections efficiencies, we now expect total expenses, excluding provision for loan loss, to be flat to modestly down year-over-year while we continue to fund initiatives to position the Company for future growth. In 2021, we are investing over $100 million in digital innovation and technology enhancements and plan to continue to invest in 2022."

For earnings history and earnings-related data on Alliance Data Systems (ADS) click here.

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