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

PRA

15/02/2024 23:34

* PRA Group Inc  PRAA.OQ  reported a quarterly adjusted loss
of 22
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of four analysts for the quarter
was for a loss of 37 cents per share. Wall Street expected
results to range from -46 cents to -20 cents per share.
    * Revenue fell 23.4% to $170.81 million from a year ago;
analysts
expected $208.25 million. 
    * PRA Group Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $8.78 million.
    * PRA Group Inc shares had fallen by 12.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.8%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the corporate
financial
services peer group is  "hold."

Wall Street's median 12-month price target for PRA Group Inc is
$26.00 
This summary was machine generated from LSEG data February 15 at
11:34 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
 Dec. 31 2023      -0.37          -0.22          Beat
 Sep. 30 2023      -0.37          -0.31          Beat
 Jun. 30 2023      -0.14          -0.10          Beat
 Mar. 31 2023      0.48           -1.50          Missed