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

Encore Capital

08/08/2024 02:58

* Encore Capital Group Inc  ECPG.OQ  reported quarterly
adjusted
earnings of $1.34​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $1.08.  The mean expectation of five analysts
for the quarter was for earnings of $1.24 per share. Wall Street
expected results to range from $1.18  to $1.33 per share.
    * Revenue rose 10% to $355.29 million from a year ago;
analysts
expected $346.06 million. 
    * Encore Capital Group Inc's reported EPS for the quarter
was
$1.34​.
    * The company reported quarterly net income of $32.18
million.
    * Encore Capital Group Inc shares had risen by 9.7% this
quarter and lost 9.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $61.00 
This summary was machine generated from LSEG data August 8 at
01:58 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
 Jun. 30 2024      1.24           1.34           Beat
 Mar. 31 2024      0.94           0.95           Beat
 Dec. 31 2023      1.23           -0.58          Missed
 Sep. 30 2023      1.32           0.79           Missed