Encore Capital Group Inc reports results for the quarter ended in December - Earnings Summary

Encore Capital

23/02/2024 03:02

* Encore Capital Group Inc  ECPG.OQ  reported a quarterly
adjusted
loss of 58 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-3.11.  The mean expectation of five analysts
for the quarter was for earnings of $1.23 per share. Wall Street
expected results to range from $1.05  to $1.37 per share.
    * Revenue rose 18.5% to $277.39 million from a year ago;
analysts
expected $330.72 million. 
    * Encore Capital Group Inc's reported EPS for the quarter
was a
loss of $11.40​.
    * The company reported a quarterly loss of $270.76 million.
    * Encore Capital Group Inc shares had risen by 5.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the corporate
financial
services peer group is also "buy"

Wall Street's median 12-month price target for Encore Capital
Group Inc is $60.50 
This summary was machine generated from LSEG data February 23 at
03:02 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.23           -0.58          Missed
 Sep. 30 2023      1.32           0.79           Missed
 Jun. 30 2023      1.26           1.08           Missed
 Mar. 31 2023      1.21           0.75           Missed