Consumer Portfol Up 4.12% To $10.10 After Earnings

Consumer Portfol (CPSS) said after close Thursday that it earned $0.41 per share in quarter three 2023.

On the revenue line, the company reported $92.1 million, beating estimates by $13.8 million.

In the same quarter a year ago, the company earned $0.95 per share on revenue of $90.3 million.

The stock is up 4.12% to $10.10 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Trading in the five days leading up to the report earned Consumer Portfol a Bearish Sentiment Rank from InvestorsObserver.

Consumer Portfol has performed a little above average during the past few months. Before the report, Consumer Portfol received a Long-Term Technical Rank by InvestorsObserver of 64, putting it in the top half of stocks. The firm set a 52-week high on July 13, 2023 at $13.75 and set a 52-week low on December 20, 2022 at $7.01.

Consumer Portfolio Services Inc is a US-based company operating in the specialty finance sector. Its business is to purchase and service retail automobile contracts originated primarily by franchised automobile dealers and, to a lesser extent, by select independent dealers in the U.S. in the sale of new and used automobiles, light trucks and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers having limited credit histories, low incomes or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers.