Happen Bank (HAPN) to report earnings tomorrow: here is what to expect

Digital lending platform Happen Bank (NASDAQ:HAPN) will be reporting results this Wednesday after market hours. Here’s what to look for.

Happen Bank met analysts’ revenue expectations last quarter, reporting revenues of $262.9 million, up 5.8% year on year. It was an exceptional quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates.

Is Happen Bank a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Happen Bank’s revenue to grow 1.9% year on year, slowing from the 31.9% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Happen Bank has a history of exceeding Wall Street’s expectations.

Looking at Happen Bank’s peers in the consumer finance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. FirstCash delivered year-on-year revenue growth of 17.7%, beating analysts’ expectations by 2.4%, and Enova reported revenues up 25.7%, topping estimates by 0.7%. FirstCash traded down 20.3% following the results while Enova was also down 6.7%.

Read our full analysis of FirstCash’s results here and Enova’s results here.

Investors in the consumer finance segment have had steady hands going into earnings, with share prices flat over the last month. Happen Bank is down 6.6% during the same time and is heading into earnings with an average analyst price target of $24.50 (compared to the current share price of $13.92).

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