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.
