Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Consumer Portfolio Services (CPSS)
NASDAQ:CPSS
RESEARCH TOOLSreports
Holding CPSS?
Track your performance easily
Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
$0.29Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 4.50%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment, with significant revenue and portfolio growth alongside technological advancements. However, this was offset by decreased net income, increased expenses, and higher delinquencies and charge-offs.Company Guidance
During the CPSS Q3 2024 earnings call, the management provided optimistic guidance reflecting significant growth and strategic advancements. The company reported a 9% increase in quarterly revenues to $100.6 million, driven by a 38% rise in origination volume to $446 million compared to the previous year. The fair value portfolio grew to $3.1 billion, yielding 11.3%, while expenses rose due to higher interest rates and a larger debt balance. Despite an increase in annualized net charge-offs to 7.53%, delinquency rates were managed effectively. The company remains focused on maintaining credit standards while expanding geographically and enhancing its dealer network. The implementation of AI in processing and collection systems has accelerated operations and reduced fraud losses. Looking ahead, CPSS anticipates continued growth, buoyed by favorable economic conditions, including low unemployment and potential interest rate cuts.Revenue Growth
Revenues for the quarter were $100.6 million, a 9% increase from $92.1 million in the same quarter last year. Year-to-date revenues are 11% higher than 2023.
Origination Volume Increase
Quarterly origination volume was $446 million, 38% higher than the $322 million in the third quarter of last year.
Portfolio Growth
The fair value portfolio increased by 17% to $3.1 billion from $2.67 billion as of 9/30/2023.
Sales Force Expansion
The company added 23 sales reps in 2024, marking the best growth rate in sales force expansion in recent years.
Technological Advancements
AI and e-contracting have been used to achieve faster processing and lower funding times to an all-time low of 1.79 funding days.
---
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
---
CPSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| Mar 15, 2024 | $8.15 | $8.07 | -0.98% |
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.
---
FAQ
When does Consumer Portfolio Services (CPSS) report earnings?
Consumer Portfolio Services (CPSS) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Consumer Portfolio Services (CPSS) earnings time?
Consumer Portfolio Services (CPSS) earnings time is at Feb 18, 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 2024 (Q4) is $0.27.
---