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

PRA

06/05/2024 23:41

* PRA Group Inc  PRAA.OQ  reported quarterly adjusted
earnings of
9 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.50.  The mean expectation of four analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -30 cents to 24 cents per share.
    * Revenue rose 27.8% to $198.70 million from a year ago;
analysts
expected $233.37 million. 
    * PRA Group Inc shares had fallen by 4.3% this quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 82.1%
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
$33.00 
This summary was machine generated from LSEG data May 6 at 10:41
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
 Mar. 31 2024      -0.05          0.09           Beat
 Dec. 31 2023      -0.37          -0.22          Beat
 Sep. 30 2023      -0.37          -0.31          Beat
 Jun. 30 2023      -0.14          -0.10          Beat