By midmorning, shares had added 6.7% to $49.75.
Over the three months to April, the retailer earned 80 cents a share, 7 cents more than what analysts surveyed by Thompson Reuters anticipated. Revenue of $335.45 million exceeded estimates of $328.51 million.
TheStreet Ratings team rates CONN'S INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CONN'S INC (CONN) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow."
- You can view the full analysis from the report here: CONN Ratings Report