Upbound Group Shares Rise After Q1 Adjusted Earnings, Revenue Increase; Issues Q2 Guidance
Upbound Group (UPBD) shares rose 5.3% in Thursday morning trading after the company reported Q1 earnings that beat consensus and maintained its full-year guidance.The company reported Q1 adjusted earnings Thursday of $1.08 per diluted share, up from $1.00 a year earlier.Analysts surveyed by FactSet expected $1.07.Revenue for the quarter ended March 31 was $1.22 billion, up from $1.18 billion a year earlier.Analysts polled by FactSet expected $1.23 billion.Upbound said it expects Q2 adjusted EPS of $1.00 to $1.10 on revenue of $1.10 billion to $1.20 billion. Analysts expect $1.19 billion.The company expects full-year 2026 adjusted EPS of $4.00 to $4.35 on revenue of $4.70 billion to $4.95 billion. Analysts expect $4.89 billion.Price: $19.93, Change: $+0.99, Percent Change: +5.23%