Princeton Bancorp (BPRN) Surpasses Q1 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2024
0mins
Source: NASDAQ.COM
- Princeton Bancorp Earnings: Princeton Bancorp reported quarterly earnings of $0.68 per share, beating estimates and showing a 1.49% surprise.
- Revenue Performance: The company posted revenues of $17.43 million, slightly below the Zacks Consensus Estimate but exceeding year-ago figures.
- Stock Movement: Princeton Bancorp shares have declined by 16.4% this year compared to the S&P 500's gain of 6.3%.
- Future Outlook: Investors are looking at the company's earnings outlook and estimate revisions to predict future stock performance.
- Upbound Group: Upbound Group, another finance sector stock, is expected to report quarterly earnings with a year-over-year change of -7.2%.
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Analyst Views on UPBD
Wall Street analysts forecast UPBD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPBD is 29.50 USD with a low forecast of 28.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 18.910
Low
28.00
Averages
29.50
High
31.00
Current: 18.910
Low
28.00
Averages
29.50
High
31.00
About UPBD
Upbound Group, Inc. is a technology and data-driven company in financial products that addresses the needs of consumers. Its customer-facing operating units include brands, such as Rent-A-Center, Brigit, and Acima that facilitate consumer transactions across a range of store-based and digital channels, including over 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Its Acima segment offers the lease-to-own transaction to consumers who do not qualify for traditional financing through staffed or unstaffed kiosks located within third-party retailer locations or other virtual options. Its Mexico segment consists of its Company-owned stores in Mexico that lease household durable goods to customers on a lease-to-own basis. Brigit segment operates in the United States, and includes the operations of Bridge IT Inc. It also offers earned wage access and credit building products for consumers who are underserved by traditional financial institutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Upbound (UPBD) Offers 8.2% Dividend Yield, Reshaping Rental Market
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- Successful Business Transformation: By acquiring Acima and Brigit, Upbound has successfully transformed into an enterprise software specialist, with Acima providing lease management services to over 11,000 retailers, enhancing the company's competitive edge.
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