PRA Group, Inc. (NASDAQ:PRAA) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.63 per share.
For the full year, analysts predict revenues of $ 1035.27 million, while looking forward to income of $ 2.96 per share.
Previous Quarter Performance
PRA Group, Inc. announced income for the second quarter of $ 1.26 per share, from the revenue of $ 271.91 million. Wall street analysts are predicting, PRAA to report 2Q20 income of $ 0.69 per share from revenue of $ 261.67 million. The bottom line results beat street analysts by $ 0.57 or 82.61 percent, at the same time, top line results outshined analysts by $ 10.24 million or 3.91 percent.
Stock Performance
Shares of PRA Group, Inc. traded up $ 1.51 or 4.29 percent on Wednesday, reaching $ 36.70 with volume of 236.90 thousand shares. PRA Group, Inc. has traded high as $ 36.96 and has cracked $ 34.51 on the downward trend
The closing price of $ 36.70, representing a 81.39 % increase from the 52 week low of $ 19.40 and a 25.68 % decrease over the 52 week high of $ 47.35.
The company has a market capital of $ 1.67 billion and is part of the Financial Services sector and Credit Services industry.
Conference Call
PRA Group, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th 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.pragroup.com
PRA Group, Inc., a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans in the Americas and Europe. It is involved in the acquisition of accounts that are primarily the unpaid obligations of individuals owed to credit grantors, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, including Visa and MasterCard credit cards, private label and other credit cards, installment loans, lines of credit, deficiency balances of various types, legal judgments, and trade payables from banks, credit unions, consumer finance companies, telecommunication providers, retailers, utilities, automobile finance companies, student loan companies, and other debt owners.
