NASDAQ$EZPW

EZCORP Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

EZCORP's first quarter results for fiscal year 2020 were announced, showing a 3% increase in total revenues driven by record pawn business revenues.

EZCORP reported a 3% increase in total revenues to $222.4 million for the first quarter of fiscal year 2020. Diluted earnings per share were $0.02, compared to a loss of $0.06 in the prior-year quarter. The company focused on reducing aged inventory and optimizing systems, while also launching its Lana digital platform.

  • Total revenues increased by 3% to $222.4 million due to record revenues in the pawn business.
  • Merchandise sales increased by 5%, and pawn service charge (PSC) revenue grew by 1%.
  • Latin America segment contribution improved by 20% to $8.1 million.
  • Diluted earnings per share were $0.02, compared to a loss of $0.06 in the prior-year quarter.

Headline financials

Total Revenue

$222M

Previous: $216M+3.1%
EPS

$0.02

Previous: $0.31-93.5%
Store Count

1.0K

No prior period
Capital Expenditures

-$5.57M

Previous: $5.88M-194.8%
Free Cash Flow

-$4.34M

Previous: -$4.24M-2.2%
Net Income

$1.24M

Previous: -$4.24M+129.2%
Operating Income

$13.5M

Previous: $13.9M-3.0%
Gross Profit

$130M

Previous: $130M-0.1%
Cash & Equivalents

$143M

Previous: $297M-51.8%
Total Assets

$1.3B

Previous: $1.24B+5.1%
Stock-Based Comp

$1.7M

Previous: $2.24M-24.3%

Revenue & EPS history

EZCORP · Revenue · Quarterly

$222M

Q1 2020+3.1%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

EZCORP · $256M total across 2 segments · Q3 2023

  • U.S. Pawn
    $184M+16.0%
  • Latin America Pawn
    $71.7M+25.6%

Forward guidance

EZCORP is focused on driving operating efficiencies, free cash flow, and higher returns on earning assets, as well as reducing corporate expense. The company expects its initiatives, including the Lana digital platform and the new point-of-sale system, to enhance customer acquisition and retention, optimize lending decisions, and expand earnings.

Tailwinds

  • Enhance growth via new store openings
  • Pursue M&A opportunities
  • Reinvest in the business
  • Return capital to shareholders through share repurchases
  • Expected initiatives to enhance customer acquisition and retention

Headwinds

  • Ongoing efforts to optimize inventory impact near-term results
  • System upgrades impact near-term results
  • Government social welfare programs in Mexico impact near-term results
  • Reduction in merchandise margin
  • Reduction in loan balances

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.2%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.6%

Avg return

30 days after

47%

31 / 66 earnings

Positive

+18.6%

Q4 2019

Best reaction

-26.9%

Q4 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.7%+0.3%-4.5%
Q1 2026+4.5%+12.7%+15.3%
Q4 2025+1.9%+2.8%+20.5%
Q2 2025-2.3%-4.0%-17.7%
Q1 2025+1.0%+14.1%+9.0%
Q4 2024+2.1%+2.5%+3.7%
Q3 2024+1.1%+7.3%+17.7%
Q2 2024-4.0%-6.0%-4.5%
Q1 2024+11.1%+19.5%+18.5%
Q4 2023-2.3%-1.5%+2.3%
Q3 2023+4.1%+2.9%-7.1%
Q2 2023-1.5%+3.2%-3.1%
Q1 2023-0.9%+2.2%-0.5%
Q4 2022-4.5%+0.7%-14.3%
Q3 2022+5.2%+9.7%+0.4%
Q2 2022+11.0%+6.0%+10.5%
Q1 2022+6.9%+0.8%-9.3%
Q4 2021+11.3%+4.0%-7.3%
Q3 2021+6.1%+8.0%+23.0%
Q2 2021+15.3%+13.3%+28.9%
Q1 2021+10.9%+10.0%+11.1%
Q4 2020-3.1%-10.0%-8.0%
Q3 2020+4.4%+5.1%-1.6%
Q2 2020-12.0%-12.7%+18.8%
Q1 2020-19.5%-20.4%-25.2%
Q4 2019+18.6%+18.2%+27.0%
Q3 2019-10.8%-14.3%-21.6%
Q2 2019-9.3%-14.6%-14.9%
Q1 2019+2.4%+10.5%+9.1%
Q4 2018+8.1%+2.9%-8.7%
Q3 2018-4.4%-0.4%-3.1%
Q2 2018+6.6%+9.1%-5.1%
Q1 2018+14.4%+9.3%+11.9%
Q4 2017+12.2%+16.3%+25.0%
Q3 2017+5.0%+9.4%+13.1%
Q2 2017-1.7%-0.6%+0.0%
Q1 2017-2.0%-6.5%-9.5%
Q4 2016+0.0%-6.8%-9.8%
Q3 2016-2.1%-3.2%+10.9%
Q2 2016+11.7%
Q1 2016-15.1%
Q4 2015-2.0%
Q3 2015+0.6%
Q2 2015-7.4%
Q1 2015-15.6%
Q4 2014-0.1%
Q3 2014+4.6%
Q2 2014-5.5%
Q1 2014+13.3%
Q4 2013-26.9%
Q3 2013+0.6%
Q2 2013+7.5%
Q1 2013+12.9%
Q4 2012-12.6%
Q3 2012-6.2%
Q2 2012+1.2%
Q1 2012-0.5%
Q4 2011-3.0%
Q4 2009-3.0%
Q2 2011-3.0%
Q3 2011-11.8%
Q3 2010-11.8%
Q1 2011-0.4%
Q1 2010-0.4%
Q2 2010-0.4%
Q4 2010-0.4%

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