Encore Capital reports Q EPS $3.86, consensus $2.78

Reports Q revenue $475.41M, consensus $446.26M. “Encore delivered another quarter of strong performance in Q1 as our industry leadership and operational improvement remain on full display,” said Ashish Masih, CEO. “Our business continues to thrive with solid first quarter portfolio purchases of $363M and record collections of $718M, which were up 19% compared to a year ago. This collections performance helped earnings increase sharply, with first quarter earnings per share of $3.86 up 100% compared to $1.93 per share a year ago.”