Payday Loan Lender “Advance America Cash Advance” Set to Report Earnings for Second Quarter on July 28th
Posted on | July 26, 2010 | No Comments
On Wednesday afternoon of July 28th, payday loan lender Advance America Cash Advance is set to report earnings for the second quarter. The earnings will be reported after the bell on Wednesday and the company will have a conference call on Thursday, July 29th at 8:00 am. Advance America Cash Advance Centers has seen its stock price drop from around $7.25 to as low as $3.55 in the last quarter.
On Wednesday investors will be looking for growth in the payday loan sector as many of the companies in this industry have seen a drop in their stock price during the first half of 2010. With AEA being a stock under $5 it is likely not going to get a huge amount of attention from hedge funds and mutual funds but a strong quarter could go a long way towards building the stock price to a level above $5.
The average analysts estimate for earnings for this payday lender is $.09 with $122 million in sales. In the second quarter of 2010, Advance America Cash Advance reported $.11 a share on $150 million in sales. With Americans working hard to spend less and build their balance sheets payday loan companies are seeing less revenue in the form of bad credit loans.
Author: Heather Best
Tags: advance america cash advance > advance america earnings > cash advance america > cash advance america earnings > earnings for advance america > payday loan lenders
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