EZCORP Reports Third Quarter Earnings for FY2023 on August 2nd
August 23, 2023
🌥️Earnings Overview
On August 2, 2023, EZCORP ($NASDAQ:EZPW) revealed its earnings results for the third quarter of FY2023 ending June 30, 2023. The company reported total revenue of USD 255.8 million, representing an 18.5% increase from the same period in the prior year. Net income for Q3 also increased by 49.1% to USD 18.2 million compared to the same period in the previous year.
Share Price
The company’s stock opened at $9.0 and closed at $8.8, a decrease of 2.3% from the previous closing price of $9.0. Overall, the third quarter earnings report for EZCORP demonstrated strong financial performance, despite a slight decrease in stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ezcorp. More…
| Total Revenues | Net Income | Net Margin |
| 1.01k | 35.55 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ezcorp. More…
| Operations | Investing | Financing |
| 92.35 | -102.24 | 24.93 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ezcorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.46k | 718.64 | 13.34 |
Key Ratios Snapshot
Some of the financial key ratios for Ezcorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 38.2% | 6.6% |
| FCF Margin | ROE | ROA |
| 5.0% | 5.8% | 2.9% |
Analysis
At GoodWhale, we have examined EZCORP‘s fundamentals to determine the company’s overall financial health. Our Star Chart shows that EZCORP has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations even in times of crisis. EZCORP is strong in liquidity, medium in asset, profitability and weak in dividend and growth. Based on our analysis, we have classified EZCORP as a ‘rhino’, meaning that it has achieved moderate revenue or earnings growth. This type of company may be attractive to certain types of investors who are looking for a steady but moderate return. Such investors may also be more willing to take on risk, given the company’s strong liquidity and ability to sustain operations in times of crisis. More…
Peers
The company’s primary competitors are PRA Group Inc, Enova International Inc, Flexpower Inc.
– PRA Group Inc ($NASDAQ:PRAA)
PRA Group is a global provider of debt recovery and customer management services. The company’s services include accounts receivable management, customer relationship management, and business process outsourcing. PRA Group’s clients include banks, credit unions, and other financial institutions.
PRA Group’s market cap is 1.22B as of 2022. The company’s return on equity is 15.33%. PRA Group’s main competitors include Alliance Data Systems, Experian, and TransUnion.
– Enova International Inc ($NYSE:ENVA)
Enova International Inc. is a provider of online financial services. The company offers credit products and services to consumers and businesses in the United States, the United Kingdom, Australia, and Canada. It operates through four segments: Installment Loans and Lines of Credit, Digital Banking, and International. The company was founded in 1998 and is headquartered in Chicago, Illinois.
Summary
EZCORP‘s financial results for the third quarter of FY2023 show strong growth. Total revenue was up 18.5%, while net income rose 49.1%. This indicates an encouraging trend in the company’s performance, suggesting that investing in EZCORP may be a sound decision.
The company’s revenue and net income have consistently grown over the past year, providing investors with an attractive return on their investment. Overall, EZCORP appears to be a solid investment opportunity for investors looking for a solid return.
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