Analysts at Oppenheimer provided their views on Conn's, Inc. (NASDAQ:CONE) following their call with the management of the company, including CEO Chandra Holt.

The company’s recently reported Q4 results (Jan 2022) came in generally weaker than expected and highlighted softer trends to begin from the start of next year. Adjusted EPS declined 64% to $0.33, coming in below the consensus estimate of $0.46, due to weaker-than-expected total company comps of +6.2% and retail gross margin pressures (down 170 bps, to 35.8%).

During the call with Oppenheimer analysts, management pointed out that the underlying fundamental momentum remains intact at the company and weaker topline trends lately reflect primarily difficult, stimulus-fueled comparisons in early-2021.

While the analysts are not recommending the company, they mentioned they do recognize the valuation at which shares trade as decidedly depressed. Their Perform rating was maintained.