Conn’s Inc (NASDAQ:CONN) Expected to Post Earnings of -$0.05 Per Share
Equities analysts expect Conn’s Inc (NASDAQ:CONN) to announce ($0.05) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Conn’s’ earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at $0.26. Conn’s reported earnings of $0.62 per share during the same quarter last year, which would indicate a negative year over year growth rate of 108.1%. The firm is expected to announce its next quarterly earnings results on Tuesday, September 1st.
On average, analysts expect that Conn’s will report full year earnings of ($1.61) per share for the current financial year, with EPS estimates ranging from ($2.23) to $0.04. For the next year, analysts expect that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.76 to $1.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Conn’s.
Conn’s (NASDAQ:CONN) last issued its earnings results on Tuesday, June 9th. The specialty retailer reported ($1.89) EPS for the quarter, missing the consensus estimate of ($0.32) by ($1.57). The firm had revenue of $317.20 million during the quarter, compared to the consensus estimate of $309.86 million. Conn’s had a negative return on equity of 1.78% and a negative net margin of 1.06%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share.
Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its stake in shares of Conn’s by 29.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 7,430 shares of the specialty retailer’s stock valued at $92,000 after buying an additional 1,684 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new position in Conn’s in the 4th quarter valued at $100,000. Victory Capital Management Inc. grew its holdings in Conn’s by 21.6% in the 4th quarter. Victory Capital Management Inc. now owns 8,177 shares of the specialty retailer’s stock valued at $72,000 after buying an additional 1,452 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Conn’s by 274.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,906 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 7,994 shares in the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in Conn’s in the 4th quarter valued at $142,000. Institutional investors own 63.90% of the company’s stock.
CONN stock traded down $0.20 during midday trading on Monday, hitting $9.78. The stock had a trading volume of 646,500 shares, compared to its average volume of 1,053,548. The firm has a market capitalization of $293.10 million, a price-to-earnings ratio of -15.05 and a beta of 2.34. Conn’s has a 52 week low of $2.83 and a 52 week high of $27.57. The stock has a 50-day simple moving average of $8.21 and a 200 day simple moving average of $7.91. The company has a current ratio of 6.46, a quick ratio of 5.35 and a debt-to-equity ratio of 3.08.
Conn's, Inc operates as a specialty retailer of durable consumer goods and related services in the United States. It operates through two segments, Retail and Credit. The company's stores offer furniture and mattress, including furniture and related accessories for the living room, dining room, and bedroom, as well as traditional and specialty mattresses; and home appliances, such as refrigerators, freezers, washers, dryers, dishwashers, and ranges.
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