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

PRA

05/08/2024 22:52

* PRA Group Inc  PRAA.OQ  reported quarterly adjusted
earnings of
54 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of four analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from -8 cents to 20 cents per share.
    * Revenue rose 35.8% to $284.23 million from a year ago;
analysts
expected $245.04 million. 
    * PRA Group Inc's reported EPS for the quarter was 54
cents​.
    * The company reported quarterly net income of $51.52
million.
    * PRA Group Inc shares had risen by 20.1% this quarter and
lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 98.8%
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 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
$33.00 
This summary was machine generated from LSEG data August 5 at
09:52 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
 Jun. 30 2024      0.08           0.54           Beat
 Mar. 31 2024      -0.05          0.09           Beat
 Dec. 31 2023      -0.37          -0.22          Beat
 Sep. 30 2023      -0.37          -0.31          Beat