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

Encore Capital

01/11/2023 23:14

* Encore Capital Group Inc  ECPG.OQ  reported quarterly
adjusted
earnings of 79 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.22.  The mean expectation of
six analysts for the quarter was for earnings of $1.35 per
share. Wall Street expected results to range from $1.13 
to $1.54 per share.
    * Revenue fell 14.7% to $262.37 million from a year ago;
analysts
expected $333.24 million. 
    * Encore Capital Group Inc's reported EPS for the quarter
was 79
cents​.
    * The company reported quarterly net income of $19.34
million.
    * Encore Capital Group Inc shares had fallen by 21.1% this
quarter and lost 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $62.00 
This summary was machine generated from LSEG data November 1 at
11:14 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.35           0.79           Missed
 Jun. 30 2023      1.26           1.08           Missed
 Mar. 31 2023      1.21           0.75           Missed
 Dec. 31 2022      1.47           -3.11          Missed