Atlanticus reports Q1 EPS $1.09, consensus $1.01

Reports Q1 revenue $290.7M, consensus $311.36M. Jeff Howard, President and Chief Executive Officer at Atlanticus stated, “We are pleased with our results this quarter as we continue to produce both good profitability and reasonable growth. Our focus, as always, is on achieving target returns on assets, which leads to an adequate return for our shareholders. Although the consumers we serve seem to have found greater financial stability, it is at a somewhat higher rate of delinquency than existed prior to the pandemic. As such, we have maintained a more conservative credit posture which has led to slower, but respectable, double-digit growth in both managed receivables and revenue. We are also seeing increased opportunities for our credit as a service platform in the retail credit channel, largely driven by the pullback from “prime”, or “first-look” providers.