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Aarons Holdings Company Down 17.53% To $8.72 After Earnings Miss

Tuesday, February 27, 2024 12:48 PM | InvestorsObserver Analysts

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Aarons Holdings Company Down 17.53% To $8.72 After Earnings Miss

Aaron's Company Inc (AAN) reported less than expected earnings this afternoon for Q4 2023.

The consensus among analysts for Aarons Holdings Company was for an earnings per share (EPS) of $0.03. The firm failed to meet those projections, reporting an EPS loss of $0.26 per share, a negative surprise of $0.29 (-967%). Profits fell 389% year-over-year after reporting an EPS of $0.09 in its year-ago quarter. The negative growth rate signals that the Industrials company isn't performing well amid current economic conditions.

Analyst projections for Aarons Holdings Company revenue came in at a consensus of $542.1 million. Fourth-Quarter revenues missed estimates for $529.5 million by $12.6 million (2%). The company achieved negative 10% growth year-over-year compared to the firm's revenue of $589.6 million from the year-ago quarter. The lower earnings growth relative to revenue signals Aarons Holdings Company has not been able to improve its profit margin.

The stock is down 17.53% to $8.72 after the report.

Aarons Holdings Company's profit margins took a hit as earnings fell at a faster pace than revenues.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Aarons Holdings Company a Bullish Sentiment Rank from InvestorsObserver.

Aarons Holdings Company has performed a little below average during the past few months. Before the report, Aarons Holdings Company received a Long-Term Technical Rank by InvestorsObserver of 39, putting it in the bottom half of stocks. The firm set a 52-week low on November 10, 2023 at $6.72 and set a 52-week high on July 26, 2023 at $16.16.

The Aarons Co Inc is a speciality retailer which has developed a unique lease-to-own model. It serves the customers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and other accessories at best deal with the highest quality products. Aaron's services are available through multiple channels to approximately 40-50 % of the U.S. population.

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