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Pra Group Inc. (PRAA)
NASDAQ:PRAA
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.49Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -7.19%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including record portfolio purchases, strong cash collections growth, and improved financial metrics. The expansion in Europe and Brazil and strategic offshoring initiatives further bolstered prospects. While increased legal collection costs and higher debt expenses were noted, the overall sentiment was positive due to the company's strong performance and optimistic outlook for 2025.Company Guidance
During the PRA Group's Fourth Quarter and Full Year 2024 Conference Call, the company provided detailed guidance on several key metrics. They achieved record portfolio purchases of $1.4 billion, up 22% year-over-year, and reported cash collections of $1.9 billion, representing a 13% increase from the previous year. The cash efficiency ratio for 2024 was 59%, and they aim to exceed 60% in 2025. Net income for 2024 was $71 million, translating to a 10% return on average tangible equity, a significant improvement from negative 11% in 2023. The company also recorded a record estimated remaining collections (ERC) of $7.5 billion. For 2025, PRA Group raised its target for portfolio purchases to $1.2 billion and expects high single-digit growth in cash collections, with a projected return on average tangible equity of approximately 12%.Record Portfolio Purchases
Achieved record portfolio purchases of $1.4 billion in 2024, up 22% year-over-year, with significant investments in the U.S. and Europe.
Cash Collections Growth
Cash collections reached $1.9 billion, a 13% year-over-year increase, reflecting improved operational initiatives.
Improved Financial Metrics
Net income attributable to PRA was $71 million, with a return on average tangible equity of 10%, a substantial improvement from negative 11% in 2023.
European Business Success
Strong market position in Europe with significant growth, efficiency, and profitability, despite challenges faced by peers.
Brazilian Market Expansion
Expanded presence in Brazil, achieving significant cash collections, growth, and profitability, and exercised a right to sell equity interest with an expected after-tax gain of approximately $25 million.
Offshoring Strategy
Developed offshore teams in Asia, expected to account for 50% of the collector base by the second half of 2025, enhancing cost structure and efficiency.
Strong Funding Position
Amended and extended credit facilities, increasing financial flexibility with no debt maturities until November 2027.
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PRAA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $23.66 | $22.67 | -4.18% |
| Nov 04, 2024 | $20.56 | $23.83 | +15.90% |
| Aug 05, 2024 | $23.24 | $21.18 | -8.86% |
| May 06, 2024 | $25.33 | $25.04 | -1.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pra Group Inc. (PRAA) report earnings?
Pra Group Inc. (PRAA) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Pra Group Inc. (PRAA) earnings time?
Pra Group Inc. (PRAA) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRAA EPS forecast?
PRAA EPS forecast for the fiscal quarter 2025 (Q1) is 0.49.
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