Upbound Group Guides Q3 Revenue at $1.05B-$1.15B, Setting the Stage for Earnings
UPBD sits 29% above its 52-week low of $15.82.
Summary
Upbound Group issued Q3 revenue guidance of $1.05B-$1.15B, a first look at the upcoming quarter's top-line expectations. The midpoint of $1.1B provides a benchmark against consensus and recent performance, though no prior estimates are available for comparison. This follows a cybersecurity breach disclosed on July 21 that caused $13M in fraudulent lease-to-own losses, adding uncertainty to near-term results. The guidance arrives ahead of the full Q2 earnings release, which will be the next major catalyst for the stock.
At the time of this announcement, UPBD was trading at $20.40 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $15.82 to $28.03. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.