Conn's sees Q4 adjusted EPS 75c-80c, consensus 93c This is below the level anticipated in the company’s previously issued full-year FY14 guidance. This decline reflects the impact of increased provision for bad debt due to higher-than-expected accounts receivable charge-offs and delinquency rates in December and January, and portfolio growth. Says Q4 SSS rose an estimated 33.4% from the same period last year.
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Conn's September volatility elevated into Q2 and outlook Conn's September call option implied volatility is at 65, October is at 53, January is at 46; compared to its 26-week average of 58 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on September 2.