Upbound Group Reports Strong Q4 Performance, Exceeding Expectations
PLANO, Texas - Upbound Group, Inc. (UPBD) announced its fourth-quarter financial results today, reporting a net income of $31 million, equivalent to $0.55 per diluted share. Adjusted for non-recurring expenses, earnings per share stood at $1.05.
These results surpassed consensus estimates, with the average analyst forecast being $1.01 per share, according to Zacks Investment Research. The company also reported revenue of $1.08 billion, exceeding the $1.06 billion anticipated by analysts.
For the full year, Upbound Group recorded a net income of $123.5 million, or $2.21 per share, on revenue of $4.32 billion.
Looking ahead, the company projects per-share earnings between $0.90 and $1.00 and revenue ranging from $1.05 billion to $1.15 billion for the fiscal first quarter ending in March.
For the full year, Upbound Group expects earnings per share in the range of $3.90 to $4.40, with revenue between $4.5 billion and $4.75 billion.