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NEW YORK (TheStreet) -- Shares of Conn's (CONN) - Get Conn's, Inc. Report were surging 13.33% to $8.16 on heavy trading volume late Thursday afternoon after the specialty retailer and credit solutions company reported a narrower-than-anticipated loss for the 2017 fiscal first quarter.

Before today's market open, the Woodlands, TX-based company posted an adjusted loss of 4 cents per diluted share, which was lower than analysts' estimates for a loss of 8 cents per share.

Revenue for the quarter was $398.2 million which missed Wall Street's projections of $413.12 million.

Growth in furniture, mattress and appliance sales were offset by lower revenue in consumer electronics and home office for the quarter.

Same-store sales fell by 4.6% for the period.

For the fiscal third quarter, Conn's expects same-store sales to fall in the high single digits.

Stifel said in a note following the results that underlying performance metrics of higher delinquency and re-aging were "not encouraging," according to Barron's.

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More than 2.51 million of Conn's shares have traded so far today vs. the 30-day average volume of roughly 486,000 shares.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.

You can view the full analysis from the report here: CONN

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