Pra Group Inc. (PRAA)
NASDAQ:PRAA
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
1.08Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presented a positive operational and financial momentum: strong double-digit growth in cash collections and digital channels, significant adjusted EBITDA expansion (+14% LTM), improving leverage (net leverage ~2.7x) and disciplined, return-focused portfolio investing. Management acknowledged near-term tradeoffs — notably higher legal collection costs and modest increases in OpEx and interest expense — and flagged macro risks and charge-off trends. On balance, the company emphasized progress on its multiyear PRA 3.0 strategy (capital allocation, technology/AI modernization, and people), ample liquidity, and actionable plans to continue reducing leverage and improving returns.Company Guidance
Strong Cash Collections Growth
Global cash collections grew 11% year-over-year to $552 million in Q1 2026, driven by U.S. operational initiatives and broad-based strength in Europe.
Digital Channel Momentum
Global digital cash collections increased 19% year-over-year, supporting lower communication costs and contributing to improved cash efficiency.
U.S. Legal Collections Driving Results
U.S. legal cash collections rose 27% year-over-year to $141 million and legal represented 53% of U.S. core cash collections (up from 46% a year ago), reflecting investments and capability improvements in the legal channel.
Improved Cash Efficiency and Operating Leverage
Cash efficiency improved to 62% from 61% despite a $15 million increase in legal collection costs; adjusted EBITDA for the last 12 months grew 14% year-over-year to $1.3 billion, outpacing cash collections growth and reducing net leverage.
Net Income and Profitability Progress
Net income for Q1 was $28 million ($0.73 diluted EPS), up $25 million year-over-year, and management notes 4-quarter average profitability trending higher as core operations improve.
Disciplined Portfolio Investing
Q1 purchases totaled $221 million (U.S. $119M, Europe $92M, other $11M) consistent with return-focused discipline; $2.6 billion invested in new portfolios over the past 2 years including very high annual investment levels.
Expanded ERC and Diversification
Ending ERC was $8.5 billion, up 10% year-over-year, with geographic mix of ~43% U.S. and ~51% Europe, supporting diversification and resiliency across 18 markets.
Strong Funding and Capital Actions
Maintained $3.1 billion total committed capital with approximately $1.0 billion total availability; refinanced a $730 million European revolver with a new 5-year facility, and repurchased $10 million of shares in the quarter.
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
PRAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $20.88 | $19.18 | -8.14% |
Feb 26, 2026 | $12.67 | $15.75 | +24.31% |
Nov 03, 2025 | $14.65 | $13.04 | -10.99% |
Aug 04, 2025 | $15.63 | $15.56 | -0.45% |
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.
FAQ
When does Pra Group Inc. (PRAA) report earnings?
Pra Group Inc. (PRAA) is schdueled to report earning on Aug 10, 2026, After Close (Confirmed).
What is Pra Group Inc. (PRAA) earnings time?
Pra Group Inc. (PRAA) earnings time is at Aug 10, 2026, After Close (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 2026 (Q2) is 0.53.