PRA Group Reports Third Quarter 2019 Results

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Go back to PRA Group Reports Third Quarter 2019 Results

PRA Group (PRAA) Tops Q3 EPS by 9c, Revenues Miss

November 7, 2019 4:46 PM EST

PRA Group (NASDAQ: PRAA) reported Q3 EPS of $0.55, $0.09 better than the analyst estimate of $0.46. Revenue for the quarter came in at $250.01 million versus the consensus estimate of $256.18 million.

Third Quarter Highlights

Global cash collections of $453.2 million increased 16%, or 18% on a currency adjusted basis, compared to the third quarter of 2018.Estimated Remaining Collections (ERC) of $6.4 billion which increased $584.0 million, or 10% compared to the third... More