FirstCash Holdings Third Quarter 2024 Earnings: In Line With Expectations

FirstCash Holdings (NASDAQ:FCFS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$837.3m (up 6.5% from 3Q 2023).
• Net income: US$64.8m (up 13% from 3Q 2023).
• Profit margin: 7.7% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.45 (up from US$1.27 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FirstCash Holdings Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company's shares are down 10% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with FirstCash Holdings, and understanding these should be part of your investment process.

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