Nomura Securities on Specialty Consumer Lenders: Earnings Wrap-Up
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Price: $32.22 +12.03%
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
10 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Nomura Securities on Specialty Consumer Lenders: Earnings Wrap-Up
Analyst, Bill Carcache, said, "Pawn lending remained one of the strongest businesses for the hybrids (EZCORP (Nasdaq: EZPW) and Cash America (NYSE: CSH)) this quarter. The US-based pawn names benefited from healthy demand for the product and posted strong high teens YoY growth in fees. The biggest story this quarter revolved around the retail and scrap sales business (often characterized as the bad debt recovery business) where EZCORP revealed weakness in its scrapping biz. Online-heavy names (DLLR and CSH) posted the strongest revenue growth, while the brick-and-mortar operators lagged. Improving credit metrics allowed most companies to enjoy higher net revenue growth."
Analyst, Bill Carcache, said, "Pawn lending remained one of the strongest businesses for the hybrids (EZCORP (Nasdaq: EZPW) and Cash America (NYSE: CSH)) this quarter. The US-based pawn names benefited from healthy demand for the product and posted strong high teens YoY growth in fees. The biggest story this quarter revolved around the retail and scrap sales business (often characterized as the bad debt recovery business) where EZCORP revealed weakness in its scrapping biz. Online-heavy names (DLLR and CSH) posted the strongest revenue growth, while the brick-and-mortar operators lagged. Improving credit metrics allowed most companies to enjoy higher net revenue growth."
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