Revenue Update on EZCORP Inc(NASDAQ:EZPW)

EZCORP Inc(NASDAQ:EZPW) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $170.15M. Analysts estimated a revenue of $184.61M. Earnings per share were $0.05. Analysts had estimated an EPS of $-0.01.

In a different note, On Jul 7, 2016, Wells Fargo said it Upgrades its rating on EZCORP Inc. The shares have been rated ‘Outperform’ by the firm.

EZCORP Inc (EZPW) made into the market gainers list on Wednesdays trading session with the shares advancing 7.10% or 0.66 points. Due to strong positive momentum, the stock ended at $9.96, which is also near the day’s high of $10.21. The stock began the session at $9.67 and the volume stood at 9,87,405 shares. The 52-week high of the shares is $10.21 and the 52 week low is $2.44. The company has a current market capitalization of $538 M and it has 5,39,81,091 shares in outstanding.

EZCORP Inc. is engaged in delivering instant cash solutions to customers across channels products services and markets. The Company offers customers multiple ways to access instant cash through approximately 1400 locations and branches across the United States Mexico Canada and the United Kingdom. Products are offered through four primary channels: in-store online worksite and through a mobile platform. It provides a variety of instant cash solutions including collateralized non-recourse loans known as pawn loans and a variety of short-term consumer loans including single-payment and multiple-payment unsecured loans and single-payment and multiple payment auto title loans. In some United States locations (primarily in Texas) the Company does not offer loan products themselves but rather offer credit services to help customers obtain loans from independent third-party lenders.

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