PRA Group Inc reports results for the quarter ended in September 30 - Earnings Summary

PRA

05/11/2024 07:46

* PRA Group Inc  PRAA.OQ  reported quarterly adjusted
earnings of
69 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -31 cents.  The mean expectation of four analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 19 cents to 59 cents per share.
    * Revenue rose 30.1% to $281.48 million from a year ago;
analysts
expected $262.20 million. 
    * PRA Group Inc's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $27.15
million.
    * PRA Group Inc shares had fallen by 8.1% this quarter and
lost 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.3%
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
$31.00 
This summary was machine generated from LSEG data November 5 at
07:45 a.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
 Sep. 30 2024      0.32           0.69           Beat
 Jun. 30 2024      0.08           0.54           Beat
 Mar. 31 2024      -0.05          0.09           Beat
 Dec. 31 2023      -0.37          -0.22          Beat