PROG Holdings Inc. (NYSE: PRG) reported Q1 EPS of $1.22, $0.31 better than the analyst estimate of $0.91. Revenue for the quarter came in at $721 million versus the consensus estimate of $662.93 million.

• Progressive Leasing GMV of $510 million, up 10.4%
• E-commerce 14.3% of GMV, up from 1.9% in Q1 2020
• Consolidated Revenues of $721 million, up 7.9%
• Diluted EPS of $1.16; Non-GAAP Diluted EPS $1.22, up 197.6%
• Consolidated earnings before taxes of $105.6 million; Adjusted EBITDA of $118.1 million, up 88.7%
• Company provides FY 2021 outlook; Diluted GAAP EPS of $3.56 to $3.81; Diluted Non-GAAP EPS of $3.80 to $4.05

"Our first quarter results reflect the exceptional execution of our team and our point-of-sale retail partners in a challenging environment as we continue to add and scale partner relationships while increasing our e-commerce penetration," said Steve Michaels, President and Chief Executive Officer of PROG Holdings. "The Progressive Leasing segment delivered record first quarter results in revenue, gross merchandise volume (GMV), earnings before taxes, and adjusted EBITDA. Our portfolio performance exceeded our expectations as the continued financial strength of our consumer resulted in increased revenues and low write-offs in the period. We anticipate strong results for the remainder of 2021, building on Progressive's 10.4% GMV growth in the first quarter."

GUIDANCE:

Motion Picture Group, Inc. sees FY2021 EPS of $3.80-$4.05, versus the consensus of $3.62. Motion Picture Group, Inc. sees FY2021 revenue of $2.7-2.775 billion, versus the consensus of $2.66 billion.

For earnings history and earnings-related data on Motion Picture Group, Inc. (PRG) click here.