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What: Shares of First Cash Financial
So what: The company reported net income of $19.56 million, or $0.62 per share, easily beating expectations of $0.55. In 2011, earnings per share are expected to be between $2.02 and $2.10 as pawn revenue drives future growth.
Now what: First Cash Financial has now beaten estimates in four of the past five quarters, a bullish sign this Fool looks for in stocks. At a forward P/E of 16, the shares are trading at a reasonable value, even after today's jump and before any estimate upgrades. The earnings consistency and constant earnings beats make me think this stock has room to run higher.
Interested in more info on First Cash Financial? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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