Conn's, Inc.

OTCPK:CONN.Q Rapport sur les actions

Capitalisation boursière : US$2.5k

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Conn's Croissance future

Future contrôle des critères 0/6

Nous ne disposons actuellement pas d'une couverture d'analyste suffisante pour prévoir la croissance et les revenus de Conn's.

Informations clés

n/a

Taux de croissance des bénéfices

n/a

Taux de croissance du BPA

Specialty Retail croissance des bénéfices10.1%
Taux de croissance des recettesn/a
Rendement futur des capitaux propresn/a
Couverture par les analystes

None

Dernière mise à journ/a

Mises à jour récentes de la croissance future

Recent updates

Seeking Alpha • Oct 17

Conn's: Continuation Of Negative Trends In Revenue And Profitability

Summary High macroeconomic uncertainty continues to weigh on revenue growth. Rising costs continue to put pressure on the company's operating margin. The company's effective initiatives to reduce variable costs are offset by an increase in fixed costs (rent, utilities). Introduction Even though Conn's (CONN) stock is seriously down -68% YTD, in my personal opinion, now is not the time to go long. First, amid high macroeconomic uncertainty and declining consumer confidence, the company continues to experience negative revenue trends in 2Q. In addition, although the company manages to maintain the gross margin by working with suppliers and increasing prices, the growth of SGA (% of revenue) costs continues to have a negative impact on operating margin. Survey of Q2 results On August 30, 2022, the company released weak financial and operating results for the 2nd quarter of 2022. The company continues to face pressure on revenue growth and margins. Company's presentations Thus, in Q2 22, revenue decreased by 17.1%, same store sales decreased by 22%. Retail revenue fell 19.4% (more than total sales) due to a strong 22% drop in same store sales. Gross margin declined 48.3% in Q222 to 47.3% in Q2 2022 as the company was able to pass on higher prices to the end consumer, but pressure was put on rising logistics costs (freight, fuel and deleveraging of fixed distribution costs). Operating margin decreased significantly from 13% in Q2 2021 to 2.3% in Q2 2022 due to an increase in SGA expenses (% of revenue) from 33% to 38% and an increase in Provision (benefit) for bad debts c 2.5% to 7.9%. Despite the fact that the company managed to reduce variable costs (advertising, labor costs), this was offset by an increase in fixed costs (rent and utilities). Product mix Company's presentation The company's product mix continues to change. Revenue in the home office category was expectedly down 51% as covid restrictions eased in major markets. Further, we see a serious decrease in revenue in the consumer electronics segment by 34% and in furniture and mattress by 21%. I believe that rising interest rates and monetary tightening will continue to have a negative impact on consumer spending in major categories, as lower real incomes and consumer confidence have a strong impact on consumer discretionary spending. Also, the share of service revenue increased from 6.8% to 7.7%, which supported the gross margin, in accordance with the comments of the company's management. 3Q estimates In line with current macroeconomic trends, I believe rising inflation and declining real incomes will continue to put pressure on revenue growth in the coming quarters. In addition, in my opinion, the company will not be able to significantly reduce costs (% of revenue) due to rising prices for rent and utility bills, and increased competition for labor may also have a negative impact. Thus, I believe operating margins will be under pressure in the coming quarters. Personal calculations Debt Despite the fact that the company continues to reduce the level of debt, the current level of debt remains significant relative to peer companies. Total debt to Equity: 175% Current ratio: 3.48 Debt/Free Cash Flow: 88 SA data Valuation At this point, I would like to focus on the company's earnings by multiples, because valuation using the DCF model is difficult due to the inability to make accurate forecasts of income and loss levels. Based on EV/EBITDA ((FWD)) multiples, the company is valued at a multiple of 17.1, well above the average of 12.9 SA data Drivers Macro: improved macroeconomic conditions, rising real incomes and lower inflation could have a positive impact on consumer spending and the company's top line growth. Margin: effective cost control and the transfer of costs to the end user can support the operating profitability of the business. Risks Macro: macroeconomic conditions continue to have a negative impact on consumer spending, as a result, the company's revenue continues to be under pressure In addition, in my personal opinion, the decline in real incomes will continue to have a negative impact on consumer spending in the discretionary segment.
Article d’analyse • Sep 21

The Return Trends At Conn's (NASDAQ:CONN) Look Promising

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Seeking Alpha • Aug 30

Conn's Non-GAAP EPS of $0.04 misses by $0.05, revenue of $346.63M misses by $23.6M

Conn's press release (NASDAQ:CONN): Q2 Non-GAAP EPS of $0.04 misses by $0.05. Revenue of $346.63M (-17.1% Y/Y) misses by $23.6M. due to a 19.4% decline in total net sales, and a 6.3% reduction in finance charges and other revenues. Same store sales decreased 22.0%. eCommerce sales increased 11.5%. “Challenging macroeconomic conditions continued to pressure consumer spending during our second quarter, which disproportionately affected year-over-year sales to our financial access customer segment and sales of our discretionary product categories. While we entered the second quarter with a cautious outlook for the remainder of the fiscal year, the retail environment has continued to deteriorate prompting us to accelerate our efforts to reduce operating costs, and lower capital expenditures as well continue to maintain conservative credit underwriting. In July, we successfully completed our latest ABS transaction and ended the second quarter with over $211.0 million of available liquidity and cash. This provides us with the financial flexibility to support the current needs of our business, while investing in our long-term growth and transformation,” stated Chandra Holt, Conn's (CONN) Chief Executive Officer.
Seeking Alpha • Jul 08

Conn's: Good Initiatives But Difficult Macros

Conn’s stock price has corrected significantly, given the challenging macroeconomic environment. The company is taking initiatives like launching an in-house lease to own platform and experimenting with a store-within-a-store concept. However, I will wait for these initiatives to gain traction before becoming more positive. Investment thesis Conn's (CONN) stock has taken a severe beating, falling ~70% from the 52-week high price of $28. The company is facing significant macroeconomic headwinds. However, it is taking several steps like building an in-house lease-to-own platform and by experimenting with the store-within-a-store concept beginning in Q3 of this year. While these initiatives are interesting and the stock may benefit if they gain traction, I would like to wait for a couple of quarters to see the progress and impact of these initiatives on sales before becoming more positive. For now, I have a neutral rating on the stock given the challenging macroeconomic environment. Macro woes The difficult macro environment is impacting the company's results as Conn's laps difficult comps from the last year-end, and higher year-over-year supply chain costs, including fuel and freight. Management is making adjustments in the business in order to navigate this more difficult operating environment over the near term but their outlook for the remainder of the fiscal year 2023 has now become more cautious. As a result, the company's stock price has seen a sharp correction. On a consolidated basis, the company's total revenue in the first quarter was $339.8 million, which declined 6.6% from the same period last fiscal year, and missed a consensus estimate of $360.78 million. There was a 9.5% decline in the first quarter same-store sales due to the challenging macro environment, the lapping of government stimulus, and continued third-party lease-to-own tightening. In-house lease-to-own platform Conn's Inc. reports its revenue under the two segments: Retail and Finance. The retail portion contributes close to 80% of the total revenue and the rest comes from the Finance charges and other revenue. Conn's Finance business closely complements the retail segment. Conn's provides various facilities of payment to its customers. In addition to payment through cash and credit cards, it also runs two major programs. One is "Conn's HomePlus Financing" and the other is "lease to own programs". Conn's HomePlus Financing is a retail instalment contract or direct loan that allows its customers to borrow a specific amount and pay it back over a designated length of time. The other program, an in-house lease to own platform, is where the management is putting most of the effort. Earlier this year management announced that in order to begin originating leases in-house, it has acquired a technology platform that will enable it to originate and service lease-to-own transactions in-house. In these transactions, the company purchases merchandise and lease back to its customers, charging them rental payments in accordance with the agreement. While the customer takes the merchandise home, it is the company that still owns the merchandise until the customer purchases it from Conn's by exercising one of the two options: 1 the Early Buyout option; or 2 the Early Purchase option. The company has set a target to achieve $2 billion to $2.2 billion in annual revenue and a high single-digit EBIT margin by the fiscal year 2025. Management is counting on this in-house lease program to add meaningful incremental revenue and profit to help the company's 2025 targets. While management hasn't given incremental revenue targets from this program, they expect this in-house lease-to-own offering should add approximately $25 million of incremental annual operating income by fiscal 2025. Looking at the softness in consumer spending due to inflation, I think the in-house lease-to-own program can prove helpful for the company in retaining back those customers who would either prefer to trade down or shift their spending toward more off-price retailers. However, it is too soon to comment on the amount of traction it can gain and I would like to see it for a couple of quarters before becoming more optimistic about its success. Store-within-a-store There is another area of a strategic initiative that the company has recently started working on. It has entered into a partnership with Belk, Inc. to pilot a store-within-a-store concept beginning in Q3 of this year. The company believes that through this partnership, they will be able to offer Belk's customers complementary product categories, in-house repair, and next-day white-glove delivery. For fiscal 2023, the company is planning to open 10 to 14 stand-alone locations and 10-20 store-within-a-store locations, all within existing markets, which will leverage fixed costs. Store-within-a-store will require approximately $100,000 of capital investment plus display inventory. Though management has not provided any numbers on how much revenue they expect to add from this partnership, I believe it can improve the company's return on capital. This program will also help the company leverage its supply chain capabilities. Talking about it on its last earnings call the company's CEO, Chandra R. Holt said: ...so if we take a step back and look at what we're doing with the Belk relationship, one of the things that drew me to Conn's was our best- in-class supply chain for non-conveyable goods. Today, that best-in-class supply chain is mainly serving a narrow -- a pretty narrow market segment of the market. So my ambition is to be able to utilize our supply chain and service capabilities for a much, much broader market. So to do that, we either have the option of changing or bifurcating our own real estate and marketing strategies or we partner with retailers who are already over-indexed in an incremental customer segment, which that's where we see Belk having a customer segment that we don't necessarily serve today".
Article d’analyse • Jun 24

Estimating The Fair Value Of Conn's, Inc. (NASDAQ:CONN)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Conn's, Inc...
Article d’analyse • Jun 03

Conn's, Inc. (NASDAQ:CONN) Analysts Are Reducing Their Forecasts For This Year

The latest analyst coverage could presage a bad day for Conn's, Inc. ( NASDAQ:CONN ), with the analysts making...
Article d’analyse • May 24

There's Been No Shortage Of Growth Recently For Conn's' (NASDAQ:CONN) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
Seeking Alpha • Apr 21

Conn's: Not A Buy Even After Recent Correction

Last month, Conn’s reported disappointing Q4 results with revenues and EPS missing consensus estimates. While the stock has corrected meaningfully since then and valuations are cheap, near-term headwinds remain. Hence, we have a neutral rating on the stock.

Dans cette section, nous présentons généralement des projections de croissance du chiffre d'affaires et des bénéfices basées sur les estimations consensuelles d'analystes professionnels afin d'aider les investisseurs à comprendre la capacité de l'entreprise à générer des bénéfices. Mais comme Conn's n'a pas fourni suffisamment de données passées et n'a pas de prévisions d'analystes, ses bénéfices futurs ne peuvent pas être calculés de manière fiable en extrapolant les données passées ou en utilisant les prévisions des analystes.

Il s'agit d'une situation assez rare car 97% des entreprises couvertes par SimplyWall St disposent de données financières passées.

Prévisions de croissance des bénéfices et des revenus

OTCPK:CONN.Q - Estimations futures des analystes et données financières antérieures (USD Millions )
DateRecettesLes revenusFlux de trésorerie disponibleCash from OpMoy. Nombre d'analystes
1/31/20241,238-77-102-51N/A
10/31/20231,206-163-75-12N/A
7/31/20231,248-137-671N/A
4/30/20231,287-101-3139N/A
1/31/20231,343-59-1360N/A
10/31/20221,410-91981N/A
7/31/20221,49434162N/A
4/30/20221,566693893N/A
1/31/20221,590108132176N/A
10/31/20211,555126202244N/A
7/31/20211,484115291333N/A
4/30/20211,43398392440N/A
1/31/20211,386-3406462N/A
10/31/20201,431-23317373N/A
7/31/20201,473-19240296N/A
4/30/20201,507-20122183N/A
1/31/20201,544562380N/A
10/31/20191,56480462N/A
7/31/20191,561843286N/A
4/30/20191,545812666N/A
1/31/20191,55074119152N/A
10/31/20181,53748123151N/A
7/31/20181,5373593116N/A
4/30/20181,519227695N/A
1/31/20181,51663451N/A
10/31/20171,5283N/A104N/A
7/31/20171,532-2N/A164N/A
4/30/20171,564-18N/A187N/A
1/31/20171,597-26N/A205N/A
10/31/20161,621-24N/A74N/A
7/31/20161,639-23N/A-29N/A
4/30/20161,6375N/A-122N/A
1/31/20161,61331N/A-172N/A
10/31/20151,58345N/A-128N/A
7/31/20151,55845N/A-151N/A
4/30/20151,51546N/A-164N/A
1/31/20151,48559N/A-190N/A
10/31/20141,42071N/A-227N/A

Prévisions de croissance des analystes

Taux de revenus par rapport au taux d'épargne: Données insuffisantes pour déterminer si la croissance des bénéfices prévue de CONN.Q est supérieure au taux d'épargne ( 2.9% ).

Bénéfices vs marché: Données insuffisantes pour déterminer si les bénéfices de CONN.Q devraient croître plus rapidement que le marché US

Croissance élevée des bénéfices: Données insuffisantes pour déterminer si les bénéfices de CONN.Q devraient augmenter de manière significative au cours des 3 prochaines années.

Chiffre d'affaires vs marché: Données insuffisantes pour déterminer si les revenus de CONN.Q devraient croître plus rapidement que le marché US.

Croissance élevée des revenus: Données insuffisantes pour déterminer si les revenus de CONN.Q devraient croître plus rapidement que 20% par an.

Prévisions de croissance du bénéfice par action

Rendement futur des capitaux propres

ROE futur: Données insuffisantes pour déterminer si le retour sur capitaux propres de CONN.Q devrait être élevé dans 3 ans

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2025/08/04 08:18
Cours de l'action en fin de journée2025/07/14 00:00
Les revenus2024/01/31
Revenus annuels2024/01/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Conn's, Inc. est couverte par 10 analystes. 0 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
Ronald TilghmanB. Riley Securities, Inc.
Laura ChampineCanaccord Genuity
William RyanCompass Point Research & Trading, LLC