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Preview: Credit Acceptance's Earnings

Credit Acceptance (NASDAQ:CACC) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to know before the announcement. Analysts estimate that Credit Acceptance will report an earnings per share (EPS) of $12.3...

Benzinga · 04/29/2022 12:11

Credit Acceptance (NASDAQ:CACC) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to know before the announcement.

Analysts estimate that Credit Acceptance will report an earnings per share (EPS) of $12.37.

Credit Acceptance bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $1.57, which was followed by a 2.45% drop in the share price the next day.

Here's a look at Credit Acceptance's past performance and the resulting price change:

Quarter Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS Estimate 12.69 12.02 9.50 7.92
EPS Actual 14.26 13.84 13.71 9.64
Price Change % -2.45% 12.46% 0.66% 0.81%

eps graph

Stock Performance

Shares of Credit Acceptance were trading at $537.85 as of April 28. Over the last 52-week period, shares are up 27.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

TO TRACK ALL EARNINGS RELEASES FOR CREDIT ACCEPTANCE VISIT THEIR EARNINGS CALENDAR ON OUR SITE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.