PRA Group (PRAA) Tops Q4 EPS by 6c

PRA Group (NASDAQ: PRAA) reported Q4 EPS of $0.33, $0.06 better than the analyst estimate of $0.27.

• Cash collections of $402.7 million, an increase of 7% compared to the fourth quarter of 2017. Cash collections on a currency adjusted basis increased 9% compared to the fourth quarter of 2017.
  • Americas Core cash collections increased 15%, or 16% on a currency adjusted basis.
    • U.S. legal cash collections increased 24%.
    • U.S. call center cash collections increased 12%.
  • Europe Core cash collections increased 6%, or 9% on a currency adjusted basis.
• Record quarterly portfolio investment, excluding acquisitions, of $490.9 million driven by Americas Core and Europe Core.
• Record estimated remaining collections of $6.14 billion which increased $331.5 million from the third quarter of 2018.
• Income recognized on finance receivables of $231.0 million compared to $203.4 million in the fourth quarter of 2017.

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

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