EZCORP Q4 adjusted EPS and EBITDA beat estimates amid store expansion
EZPW•EZCORP reported Q4 revenue of $447.1 million, up 33% year over year, with adjusted EPS of $0.43 and adjusted EBITDA of $64 million beating analyst estimates. Results benefited from pawn loan growth, 41 new stores and higher jewelry scrap sales.
1. Quarterly results
EZCORP’s Q4 revenue rose 33% year over year to $447.06 million. Adjusted EPS was $0.43, compared with an analyst consensus estimate of $0.42, while adjusted EBITDA was $64 million versus an estimate of $59.16 million.
2. Growth drivers
Higher pawn loans outstanding and larger average loan sizes, particularly on jewelry collateral, drove results. The company said results also benefited from 41 new stores in Q4, including acquisitions and de novo openings, with SMG fully consolidated. Higher gold prices and increased jewelry purchases lifted jewelry scrap sales, though margins declined.
3. Outlook
EZCORP did not provide specific financial guidance for the current quarter or full year.
