Alliance Data Systems Corporation’s operating earnings of $3.83 per share for the second quarter of 2019 missed the Zacks Consensus Estimate of $4.12. The bottom line declined 12% year over year.
Soft performance of the Card Service segment weighed on the results.
Behind the Headlines
Alliance Data reported total revenues of $1.3 billion, down 3% year over year. The downside was due to lower revenues from Card Services segment.
Operating expenses increased 1.1% year over year to $1 billion. Operating income decreased 15% year over year to $337.3 million largely due to lower revenues and higher expenses.
Adjusted EBITDA (net of funding costs) declined 15% year over year to $310 million.
Alliance Data Systems Corporation Price, Consensus and EPS Surprise
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Alliance Data Systems Corporation’s operating earnings of $3.83 per share for the second quarter of 2019 missed the Zacks Consensus Estimate of $4.12. The bottom line declined 12% year over year.
Soft performance of the Card Service segment weighed on the results.
Behind the Headlines
Alliance Data reported total revenues of $1.3 billion, down 3% year over year. The downside was due to lower revenues from Card Services segment.
Operating expenses increased 1.1% year over year to $1 billion. Operating income decreased 15% year over year to $337.3 million largely due to lower revenues and higher expenses.
Adjusted EBITDA (net of funding costs) declined 15% year over year to $310 million.
Alliance Data Systems Corporation Price, Consensus and EPS Surprise
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 >>
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