ELEVATE CREDIT, INC. (ELVT) Misses Q1 EPS

ELEVATE CREDIT, INC. (NYSE: ELVT) reported Q1 EPS of ($0.11), $0.23 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $177.5 million versus the consensus estimate of $185.8 million.

“We are pleased that our Q1 adjusted net income exceeded our previous guidance, however, we acknowledge investors are most focused on our future outlook,” said Elevate President and CEO Jason Harvison. “Our proactive measures to reach consumers with payment flexibility tools have helped provide insulation to them from the unprecedented events of COVID-19. While we are seeing a manageable uptick in customer payment deferrals, our delinquent customer loan balances are in line with historical percentages.”

For earnings history and earnings-related data on ELEVATE CREDIT, INC. (ELVT) click here.

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