NEW YORK (TheStreet) -- Conn's (CONN) shares are climbing, up 6.7% to $49.74, on Monday following first quarter earnings results that were ahead of analysts consensus estimates.
The company reported a 31% year over year quarterly earnings increase to 81 cents per diluted share, beating Thomson Reuters estimates by 8 cents.
Revenue was up 33.6% to $335.5 million, beating estimates of $328.5 million, as same store sales rose 15% over the previous year.
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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."