Rent-A-Center, Inc. (NASDAQ:$RCII) is scheduled to release 3Q17 results on Oct 30th. What should you expect? Can the rent-to-own store operator post live up to expectations? Let’s take a look.
Analysts speculate Rent-A-Center shares to see an 8 cents loss, wider than a 1 cent loss in the previous quarter. The estimate compares favorably with the prior-year quarter earnings of 11 cents. Further, the consensus estimate for revenue stands at $654.8 million, echoing a year-over-year decrease of 5.6%.
However, one thing to note is Rent-A-Center’s top and bottom line performance, which has been degrading year over year. Total revenue fell 9.6% during the second quarter, particularly within the Core U.S., Mexico and Franchising segments. On top, for the few weeks, the company has been confronted with soft comparable-store sales performance.
Going forward, Rent-A-Center is fixated on a new labor model, supply chain initiatives, and productivity enhancements. Through these endeavors, the company sees to improve the performance of Core U.S. segments, optimizing the Acceptance NOW business, along with enhancing distribution channels.
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