ADS - Alliance Data Systems EPS beats by $1.25 beats on revenue
Alliance Data Systems (NYSE:ADS): Q3 GAAP EPS of $4.47 beats by $1.25. Revenue of $1.1B (+4.8% Y/Y) beats by $10M. Press Release Credit sales increased 20% to $7.4 billion compared to the third quarter of 2020, as consumer spending recovers. "For full-year 2021, we expect our credit sales to increase at a double-digit growth rate providing positive receivables growth momentum into 2022. Based on our current visibility and payment rate expectations, receivables at year-end 2021 are projected to be in line with year-end 2020 levels. We expect to resume high-single- to low-double-digit average receivables growth in 2022," said said Ralph Andretta, president and CEO of Alliance Data. Consensus Revenue Estimate for 2021 is $4.34B.
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Alliance Data Systems EPS beats by $1.25, beats on revenue