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Consumer Portfolio Services (CPSS)
NASDAQ:CPSS
Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.3Last Year’s EPS
0.19Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -7.39%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment with notable achievements in revenue growth, portfolio balance, and strategic advancements in technology and partnerships. However, there are significant challenges in terms of decreased earnings, increased expenses, and higher delinquency and charge-off rates. While there is a positive outlook regarding future unemployment rates and growth potential, the financial downturns and operational inefficiencies present a balanced view.Company Guidance
In the 2024 fourth quarter call, Consumer Portfolio Services reported significant financial metrics and strategic insights. The company achieved a 5% quarterly revenue increase to $105.3 million and a 14% year-over-year rise from $92 million in Q4 2023. Annual revenues grew by 12% to $393.5 million, driven by a 24% increase in loan originations, totaling $1.68 billion for the year. The fair value portfolio swelled to $3.5 billion, yielding 11.3%. Despite a 26% rise in annual expenses to $366.1 million, pre-tax earnings fell by 24% to $7.4 million for the quarter, with net income down from $7.2 million to $5.1 million. Diluted EPS dropped from $0.29 to $0.21. The company's total debt increased by 22% to $3.131 billion, while shareholders' equity rose by 7% to a record $293 million. Operational highlights included a 41% surge in Q4 originations, driven by strategic hiring and dealer expansion. The net interest margin improved to $52.8 million for the quarter, while the return on managed assets decreased to 0.9%. Credit performance saw annual net charge-offs at 8.02%, with DQ greater than 30 days at 14.85%. The company also highlighted advancements in technology, notably AI-driven fraud prevention, saving $4.6 million, and plans to enhance this with an additional fraud score in 2025. The unemployment rate remained favorable at 4.4%, supporting positive business projections for 2025.Increase in Revenues and Loan Originations
Revenues for the quarter were $105.3 million, a 14% increase from the $92 million in the fourth quarter of 2023. Loan originations for the year were $1.68 billion, a 24% increase from the $1.36 billion in 2023.
Record Portfolio Balance
The company ended the year 2024 with a portfolio balance of $3.41 billion, which is a company record, up from $3.32 billion at the end of 2023.
Growth in Sales Force and Dealer Partnerships
The company hired 42 new sales reps in 2024 and increased large dealer group originations from 20% to 28%.
AI and Technology Advancements
AI-driven fraud scores saved $4.6 million in 2024, and a new AI voice bot showed success in matching human results for collections.
Positive Outlook for Unemployment Rates
Unemployment rate expected to remain favorable at 4.4%, with a nominal increase projected through 2026.
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CPSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $10.15 | $10.02 | -1.28% |
| Oct 31, 2024 | $10.01 | $10.01 | 0.00% |
| Jul 30, 2024 | $10.00 | $9.46 | -5.40% |
| May 10, 2024 | $8.21 | $8.17 | -0.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Consumer Portfolio Services (CPSS) report earnings?
Consumer Portfolio Services (CPSS) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Consumer Portfolio Services (CPSS) earnings time?
Consumer Portfolio Services (CPSS) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPSS EPS forecast?
CPSS EPS forecast for the fiscal quarter 2025 (Q1) is 0.3.
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