Elevate Credit Third Quarter 2022 Earnings: US$0.48 loss per share (vs US$0.33 loss in 3Q 2021)

Elevate Credit (NYSE:ELVT) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$125.6m (up 11% from 3Q 2021).
  • Net loss: US$15.0m (loss widened by 37% from 3Q 2021).
  • US$0.48 loss per share (further deteriorated from US$0.33 loss in 3Q 2021).
NYSE:ELVT Earnings and Revenue Growth November 12th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Elevate Credit Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Consumer Finance industry in the US.

Performance of the American Consumer Finance industry.

The company’s shares are down 13% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we’ve spotted with Elevate Credit.

Valuation is complex, but we’re helping make it simple.

Find out whether Elevate Credit is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Read More: Elevate Credit Third Quarter 2022 Earnings: US$0.48 loss per share (vs US$0.33 loss in 3Q 2021)

2022-11-12 12:49:28

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