Have you been eager to see how Alliance Data Systems Corporation performed in the second quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this OH-based property and casualty insurer’s earnings release this morning.
An Earnings Beat
Alliance Data reported adjusted earnings per share of $5.01 per share, beating the Zacks Consensus Estimate of $4.59. Earnings improved 31% year over year.
Strong performance at Card Services and LoyaltyOne largely contributed to outperformance.
Alliance Data Systems Corporation Price and EPS Surprise
Revenues Improve
Alliance Data generated total revenues of $1.9 billion, increased 5% year over year. Pro forma revenue, which adjusts for the change to net revenue presentation for AIR MILES effective Jan 1, 2018, improved 8% year over year to $1.97 billion. Top line outpaced the Zacks Consensus Estimate of $1.91 billion.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Alliance Data dropped 0.9% prior to the earnings release. Nonetheless, Alliance Data has a solid earnings surprise history. The company surpassed the Zacks Consensus Estimate in the last four quarters with an average beat of 11.17%.
Key Stats to Note
• Adjusted EBITDA (net of funding costs) increased 9% year over year to $431 million.
• AIR MILES’ reward miles issued increased 2% while AIR MILES’ reward miles redeemed decreased 1%.
• For 2018, the company continues to expect core EPS between Core EPS of $22.50 to $23.00, up 16% to 19% over 2017. Revenue of $8.2 billion reflects 6% increase over 2017.
What Zacks Rank Says
The company carries Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now 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.
Check back later for our full write up on this ADS earnings report later!
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Alliance Data (ADS) Q2 Earnings and Revenues Beat Estimates
Have you been eager to see how Alliance Data Systems Corporation performed in the second quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this OH-based property and casualty insurer’s earnings release this morning.
An Earnings Beat
Alliance Data reported adjusted earnings per share of $5.01 per share, beating the Zacks Consensus Estimate of $4.59. Earnings improved 31% year over year.
Strong performance at Card Services and LoyaltyOne largely contributed to outperformance.
Alliance Data Systems Corporation Price and EPS Surprise
Alliance Data Systems Corporation Price and EPS Surprise | Alliance Data Systems Corporation Quote
Revenues Improve
Alliance Data generated total revenues of $1.9 billion, increased 5% year over year. Pro forma revenue, which adjusts for the change to net revenue presentation for AIR MILES effective Jan 1, 2018, improved 8% year over year to $1.97 billion. Top line outpaced the Zacks Consensus Estimate of $1.91 billion.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Alliance Data dropped 0.9% prior to the earnings release. Nonetheless, Alliance Data has a solid earnings surprise history. The company surpassed the Zacks Consensus Estimate in the last four quarters with an average beat of 11.17%.
Key Stats to Note
• Adjusted EBITDA (net of funding costs) increased 9% year over year to $431 million.
• AIR MILES’ reward miles issued increased 2% while AIR MILES’ reward miles redeemed decreased 1%.
• For 2018, the company continues to expect core EPS between Core EPS of $22.50 to $23.00, up 16% to 19% over 2017. Revenue of $8.2 billion reflects 6% increase over 2017.
What Zacks Rank Says
The company carries Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now 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.
Check back later for our full write up on this ADS earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>