Loop Capital Reiterates Buy Rating on First Cash Financial (FCFS) ahead of Q2

Loop Capital analyst Anthony Chukumba reiterated a Buy rating and $140.00 price target on First Cash Financial (NASDAQ: FCFS).

The analyst commented: "FirstCash Holdings ("FirstCash") is scheduled to report 2Q 2024 results before the market open on Thursday, July 25th. Our revised 2Q 2024 EPS estimate is $0.04 ahead of consensus, which primarily reflects slightly more optimistic revenue growth and profitability expectations, while our 2024 EPS estimate is $0.21 ahead of consensus. We expect investor focus to primarily be on same-store pawn loan fee and merchandise sales growth and American First Finance ("AFF") gross transaction volume (GTV) growth. FirstCash remains our favorite SMID cap growth at a reasonable price (GARP) long idea; we reiterate our Buy rating and $140 price target ahead of the company's earnings release."

For an analyst ratings summary and ratings history on First Cash Financial click here. For more ratings news on First Cash Financial click here.

Shares of First Cash Financial closed at $103.63 yesterday.

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