PRA Group (PRAA) Posts Q1 EPS of $1.02, Including Gain

PRA Group (NASDAQ: PRAA) reported Q1 EPS of $1.03, including a gain, which does not compare to the analyst estimate of $0.45. Revenue for the quarter came in at $206.6 million versus the consensus estimate of $199.23 million.

• Estimated remaining collections of $5.1 billion.
• Cash collections of $379.8 million.
• Total revenues of $206.6 million.
• Income from operations of $53.3 million.
• Net income of $48.2 million.
• Portfolio acquisitions of $227.8 million.
• Gain on sale of the Government Services business was $46.8 million pre-tax and excludes an additional $2.1 million in expenses associated with the sale in operating expenses.

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

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