Encore Capital Group Inc (NASDAQ:ECPG) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ECPG is expected to report 3Q20 income of $ 2.16 per share from revenue of $ 365.07 million.
For the full year, analysts anticipate top line of $ 1435.49 million, while looking forward to income of $ 8.53 per share bottom line.
Previous Quarter Performance
Encore Capital Group Inc disclosed income for the second quarter of $ 4.34 per share, from the revenue of $ 426.03 million. Street analysts expected $ 366.90 million. The top line results outshined analysts by $ 59.13 million or 16.12 percent.
Stock Performance
On Friday, shares of Encore Capital Group Inc has traded high as $ 33.30 and has cracked $ 31.23 on the downward trend, reaching $ 31.93 with volume of 701.50 thousand shares.
According to the previous trading day, closing price of $ 31.93, representing a 115.13 % increase from the 52 week low of $ 15.27 and a 32.97 % decrease over the 52 week high of $ 49.01.
The company has a market capital of $ 1.00 billion and is part of the Financial Services sector and Asset Management industry.
Conference Call
Encore Capital Group Inc will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.encorecapital.com
Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions and other related services for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery. It is also involved in the early stage collections, business process outsourcing, contingent collections, and trace services and litigation activities; and the management of non-performing loans, as well as provides portfolio management services to banks for non-performing loans.
