ATLC Overview

Earnings Performance: Atlanticus Holdings Corporation reported a third-quarter profit of $22.67 million, down from $23.22 million the previous year, resulting in earnings per share of $1.21 compared to $1.27 last year.

Analyst Expectations: The company's earnings fell short of analysts' expectations, which had forecasted earnings of $1.79 per share, typically excluding special items.

Revenue Growth: Despite the drop in earnings, Atlanticus Holdings saw a significant revenue increase of 40.8%, rising to $494.67 million from $351.22 million in the same quarter last year.

Earnings Summary: Key financial figures for Atlanticus Holdings include earnings of $22.67 million, EPS of $1.21, and revenue of $494.67 million, reflecting both a decline in earnings and substantial revenue growth.

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Analyst Downgrades: Citigroup downgraded Prosperity Bancshares from Buy to Neutral, lowering its price target from $78 to $68, while B of A Securities downgraded New Mountain Finance from Buy to Underperform, reducing its target from $11.75 to $10.

Analyst Upgrades: National Bank Financial upgraded Open Text Corporation from Sector Perform to Outperform, raising its price target from $34 to $45, and Loop Capital upgraded Upbound Group from Hold to Buy, increasing its target from $21 to $36.

Price Target Increases: BTIG raised the price target for AppLovin Corporation from $547 to $664 while maintaining a Buy rating, and Needham increased Reddit's target from $215 to $300, also keeping a Buy rating.

Mixed Market Reactions: Various companies saw fluctuations in their stock prices, with Union Pacific Corporation's target raised slightly by Citigroup, while other stocks like CNX Resources and Prosperity Bancshares experienced target cuts.

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