Rent-A-Center Inc. (NASDAQ:RCII) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, RCII to report 3Q20 income of $ 0.96 per share.
For the full year, analysts anticipate top line of $ 2802.39 million, while looking forward to income of $ 3.28 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.95 ~ $ 1.05 per share, while revenues are expected in a range of $ 695.00 million ~ $ 715.00 million
Full Year 2020 topline are forecasted in a range of$ 2,780.00 million ~ $ 2,830.00 million, where as bottomline are predicted in a range of $ 3.15 ~ $ 3.45 per share
Click Here For More Historical Outlooks Of Rent-A-Center Inc.
Previous Quarter Performance
Rent-A-Center Inc. revealed income for the second quarter of $ 0.80 per share, from the revenue of $ 683.75 million. The consensus estimates are income of $ 0.60 per share from $ 604.99 million in revenue. The bottom line results beat street analysts by $ 0.2 or 33.33 percent, at the same time, top line results outshined analysts by $ 78.76 million or 13.02 percent.
Stock Performance
Shares of Rent-A-Center Inc. traded up $ 0.84 or 2.67 percent on Tuesday, reaching $ 32.34 with volume of 580.40 thousand shares. Rent-A-Center Inc. has traded high as $ 32.38 and has cracked $ 31.32 on the downward trend
According to the previous trading day, closing price of $ 32.34, representing a 169.46 % increase from the 52 week low of $ 11.69 and a 10 % decrease over the 52 week high of $ 35.00.
The company has a market capital of $ 1.74 billion and is part of the Industrials sector and Rental & Leasing Services industry.
Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
