Q: GSY vs PRL since both companies reported same day, could you compare salient numbers from their Q reports?
5i Research Answer:
PRL comments are now posted;
GSY EPS of $4.11 beat estimates of $3.96; revenue of $418.3M beat estimates of $408.8M. EBITDA of $174M beat estimates by 3%. Income did fall 4%. Revenue increased 11%. Loan orginations were a record $904M, up 9%. Charge offs fell to 8.8% from 9.3%. Realized yield fell to 31.8% from 34.9% due to larger loans, the interest rates cap and secured loans (lower risk). This decline was mostly expected. Loan applications rose 23%, which bodes well for continued growth. A decent quarter from GSY and we like the good control of credit quality.