News Home

Pra Group Inc Up 2.83% To $38.55 After Earnings Beat

Tuesday, August 09, 2022 03:19 PM | InvestorsObserver Analysts
Pra Group Inc Up 2.83% To $38.55 After Earnings Beat

Tuesday, August 9, 2022 - Pra Group Inc (PRAA) reported upside earnings and revenues today.

Pra Group Inc's earnings came in at an EPS of $0.91 per share, 69.00% higher than estimates for an EPS of $0.54 per share. The firm's earnings are down 25% since reporting $1.22 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $258.3 million. That represents a 9.58% decrease in revenues from the year-ago report and is 10.38% higher than consensus estimates set at $234 million.

The stock is up 2.83% to $38.55 after the report.

Pra Group Inc's profit margins took a hit as earnings fell at a faster pace than revenues.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Pra Group Inc has performed a little below average during the past few months. Before the report, Pra Group Inc received a Long-Term Technical Rank by InvestorsObserver of 46, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $34.22 on June 16, 2022 and set a 52-week high on January 3, 2022 at $51.

PRA Group Inc is a company that primarily acquires, collects, and processes nonperforming loans in the Americas and Europe. The accounts acquired by the company are unpaid obligations of individuals owed to credit grantors, which primarily include banks and other types of consumer, retail, and auto finance companies It acquires portfolios of nonperforming loans in two categories: Core and Insolvency. The company generates the majority of its sales from the United States.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App