PRA Group (PRAA) Tops Q2 EPS by 49c

PRA Group (NASDAQ: PRAA) reported Q2 EPS of $1.22, $0.49 better than the analyst estimate of $0.73. Revenue for the quarter came in at $285.6 million versus the consensus estimate of $257.01 million.

"This quarter's strong performance is yet another in a line of outstanding results that we have delivered in the past year and a half. Global cash collections were only $12 million behind our record setting first quarter and Europe delivered the largest quarter ever. Portfolio purchases during the quarter increased on a sequential basis, with the Americas registering its largest quarter since the second quarter of 2020, and Europe recording its second best Q2 since PRA became a global enterprise in July 2014," said Kevin Stevenson, president and chief executive officer. "Based on our strong results and capital position, the Board of Directors approved a $150 million share repurchase program."

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

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