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

Encore Capital

03/05/2023 22:54

* Encore Capital Group Inc  ECPG.OQ  reported quarterly
adjusted
earnings of 75 cents​​ per share for the quarter ended in March.
The mean expectation of six analysts for the quarter was
for earnings of $1.21 per share.
    * Revenue fell 37.4% to $312.63 million from a year ago;
analysts
expected $323.28 million. 
    * Encore Capital Group Inc's reported EPS for the quarter
was 75
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Encore Capital Group Inc shares had fallen by 2.1% this
quarter and gained 3.0% so far this year.
    * The company reported quarterly net income of $18.63
million.
    * Wall Street's median 12-month price target for Encore
Capital
Group Inc is $63.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 09:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.21           0.75           Missed
 Dec. 31 2022      1.47           -3.11          Missed
 Sep. 30 2022      1.78           1.22           Missed
 Jun. 30 2022      2.03           2.29           Beat