Encore Capital Group Announces First Quarter 2019 Financial Results
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Encore Capital Group (ECPG) Tops Q1 EPS by 26c, Revenues Beat
May 8, 2019 4:35 PM EDTEncore Capital Group (NASDAQ: ECPG) reported Q1 EPS of $1.46, $0.26 better than the analyst estimate of $1.20. Revenue for the quarter came in at $347.08 million versus the consensus estimate of $345.12 million.
Encore sets new records for earnings, global cash collections and estimated remaining collectionsGAAP EPS of $1.57 per shareNon-GAAP Economic EPS of $1.46 per shareKey Financial Metrics for the First Quarter of 2019:
Estimated remaining collections (ERC) increased $199 million compared to the end of the same period of the prior year, to a record $7.3 billion.Portfolio purchases were $262 million,... More