Have you been eager to see how Santander Consumer USA Holdings Inc. performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based technology-driven consumer finance company’s earnings release this morning:
An Earnings Beat
Santander Consumer came out with adjusted earnings per share of 48 cents, beating the Zacks Consensus Estimate of 36 cents. Results exclude a pretax gain of from the sale of the majority of the company's legacy RV/Marine portfolio.
Elevated total finance and other interest income were recorded.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Santander Consumer reflect a bullish stance prior to the earnings release. The Zacks Consensus Estimate moved 2.9% upward over the last 30 days.
Also, Santander Consumer has a mixed record of earnings surprise history. The company had an average negative beat of 4.7% in the trailing four quarters.
Revenue Came In Higher Than Expected
Santander Consumer posted revenues of $1.65 billion, which was above the Zacks Consensus Estimate of $1.60 billion.
Key Stats to Note:
- Total auto originations: $5 billion
- Net interest margin: 10.5%
- Net charge-off rate: 9.1%
- Return on average equity: 13.8%
- Return on average assets: 2.0%
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Santander Consumer. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
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Have you been eager to see how Santander Consumer USA Holdings Inc. performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based technology-driven consumer finance company’s earnings release this morning:
An Earnings Beat
Santander Consumer came out with adjusted earnings per share of 48 cents, beating the Zacks Consensus Estimate of 36 cents. Results exclude a pretax gain of from the sale of the majority of the company's legacy RV/Marine portfolio.
Elevated total finance and other interest income were recorded.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Santander Consumer reflect a bullish stance prior to the earnings release. The Zacks Consensus Estimate moved 2.9% upward over the last 30 days.
Also, Santander Consumer has a mixed record of earnings surprise history. The company had an average negative beat of 4.7% in the trailing four quarters.
Revenue Came In Higher Than Expected
Santander Consumer posted revenues of $1.65 billion, which was above the Zacks Consensus Estimate of $1.60 billion.
Key Stats to Note:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Santander Consumer. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>