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

Encore Capital

09/05/2024 19:06

* Encore Capital Group Inc  ECPG.OQ  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 75 cents.  The mean expectation of
five analysts for the quarter was for earnings of 94 cents per
share. Wall Street expected results to range from 64 cents
to $1.20 per share.
    * Revenue rose 5% to $328.39 million from a year ago;
analysts
expected $330.83 million. 
    * Encore Capital Group Inc's reported EPS for the quarter
was 95
cents​.
    * The company reported quarterly net income of $23.24
million.
    * Encore Capital Group Inc shares had fallen by 5.2% this
quarter and lost 14.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $61.00 
This summary was machine generated from LSEG data May 9 at 06:06
p.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
 Mar. 31 2024      0.94           0.95           Beat
 Dec. 31 2023      1.23           -0.58          Missed
 Sep. 30 2023      1.32           0.79           Missed
 Jun. 30 2023      1.26           1.08           Missed