Encore Capital Group Inc expected to post earnings of $1.24 a share - Earnings Preview

Encore Capital

06/08/2024 03:03

* Encore Capital Group Inc  ECPG.OQ   ECPG.O  is expected
to show
a rise in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The San Diego California-based  company is expected to
report a
7.1% increase in revenue to $346.056 million from $323.04
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sale Represents Total Revenue)
    * ​LSEG's mean analyst estimate for Encore Capital Group Inc
is
for earnings of $1.24 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Encore
Capital
Group Inc is $61.00​, above​ its last closing price of $46.13.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.97        0.94       0.95      Beat    0.7
 Dec. 31 2024  1.23        1.23       -0.58     Missed  -147.2
 Sep. 30 2023  1.31        1.32       0.79      Missed  -40.3​
 Jun. 30 2023  1.25        1.26       1.08      Missed  -13.9
 ​​Mar.        1.23        1.21       0.75      Missed  -38.2
 31 2023                                                
 Dec. 31 2022  1.47        1.47       -3.11     Missed  -311.8
                                                        ​
 Sep. 30 2022  1.78        1.78       1.22      Missed  -31.3
 Jun. 30 2022  2.04        2.03       2.29      Beat    13.1
 This summary was machine generated August 6 at 02:03 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)