EZCORP says it enters the final quarter in a strong operating and financial position
Overview
Pawn transactions provider's Q3 revenue rose 35% yr/yr, driven by growth across all regions
Adjusted EPS for Q3 rose 47%, beating analyst expectations
Company expanded by 43 stores during quarter, including acquisitions in Latin America and one new SMG store
Result Drivers
Pawn loan growth - Co said 33% increase in pawn loans outstanding was driven by higher average loan size and strong pawn demand
Latin America expansion - Co said Latin American segment contribution grew 56%, aided by store acquisitions and improved operating metrics
Jewelry scrap sales - Co said jewelry scrap sales rose 110% due to higher gold prices and increased jewelry purchases
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the consumer lending peer group is "buy"
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