Breaking Down NICK’s Earnings

I’m looking through NICK’s earnings report and the numbers are very strong. For the calendar year, NICK earned $1.18 per share. That’s outstanding.

Even if NICK merely maintains the 38 cents per share rate of this past quarter for all of 2011, they’ll earn $1.52. That’s not even including the company’s overall net portfolio yield of about 7%.

I always like how the company breaks down the numbers in their reports. You can check out this spreadsheet for all the important numbers.

The story with NICK is that their portfolio has continued to do well but the provision for credit losses took a large bite out of the bottom line.

Here’s a look at NICK’s pre-tax earnings yield plus the credit losses. When you add them together, you can see that it’s been pretty stable.

Posted by on January 27th, 2011 at 1:07 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.