Aaron's (AAN) Tops Q4 EPS by 6c, Offers Guidance
Aaron's (NYSE: AAN) reported Q4 EPS of $0.50, $0.06 better than the analyst estimate of $0.44. Revenue for the quarter came in at $795 million versus the consensus estimate of $815.4 million.
2017 Outlook
The Company is providing the following outlook for the 2017 year. Diluted earnings per share is presented both on a GAAP basis and on a non-GAAP basis excluding Progressive-related intangible amortization and any future one-time or unusual items. Adjusted EBITDA also excludes any future one-time or unusual items. The Company currently expects to achieve the following:
Aaron's Inc. (Consolidated)
- Revenues of approximately $3.10 billion to $3.31 billion, excluding revenues of franchisees.
- Adjusted EBITDA of $320 million to $353 million.
- GAAP diluted earnings per share in the range of $1.85 to $2.10.
- Non-GAAP diluted earnings per share in the range of $2.15 to $2.40.
- Capital expenditures of $60 million to $80 million.
- Operations of both the Aaron's Business and Progressive are expected to generate positive cash flow.
(Street sees FY EPS of $2.46)
For earnings history and earnings-related data on Aaron's (AAN) click here.
