Atlanticus Holdings Corp (ATLC) shares are surging 5.81% in pre-market trading on Friday, following the release of its impressive second-quarter earnings report. The consumer finance company significantly outperformed analyst expectations, demonstrating robust growth and financial strength.

Atlanticus reported adjusted earnings of $1.51 per share for the quarter ended June 30, handily beating the mean analyst estimate of $1.23. This strong performance continues a trend of exceeding expectations, as the company has consistently beaten earnings estimates in recent quarters. Revenue also impressed, rising 24.7% year-over-year to $394.16 million, surpassing the expected $357.51 million. The company's net income for the quarter stood at a healthy $28.35 million.

The market's positive reaction aligns with the generally bullish sentiment among analysts. The current average analyst rating on Atlanticus shares is "buy," with a median 12-month price target of $70.00, representing a potential upside of about 29.1% from its last closing price. This strong earnings report, coupled with positive analyst outlooks, appears to be fueling investor optimism and driving the stock's pre-market surge.