PRA Group (PRAA) Reports Q4 Revenues Above Estimates

Note: EPS may not be comparable

PRA Group (NASDAQ: PRAA) reported Q4 EPS of $1.92, versus $0.34 reported last year. Revenue for the quarter came in at $205.67 million versus the consensus estimate of $202.48 million.

Fourth Quarter Highlights

• Cash collections of $376.3 million, an increase of 8% versus the fourth quarter of 2016.
  • Americas Insolvency collections increased 12% versus the prior year quarter.
  • Europe Core cash collections increased 10%.
  • Americas Core cash collections increased 6% with U.S. call center cash collections increasing 16%.
• Investment in portfolios was $374.6 million, an increase of 87% versus the prior year quarter.
• Over 2,725 full-time U.S. based collectors, an increase of 70% versus the fourth quarter of 2016.
• ERC of $5.70 billion, an increase of 5% versus the third quarter of 2017.

For earnings history and earnings-related data on PRA Group (PRAA) click here.

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