Encore Capital Group (ECPG)
NASDAQ:ECPG
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.87Last Year’s EPS
2.49Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum driven by record collections, improved yields and margins, robust U.S. portfolio purchasing, and upgraded guidance for 2026. Key positives include double-digit revenue and EPS growth, improved ROIC and leverage, and substantial cash generation. Balanced against this are regional headwinds in the U.K./Europe, cautious AI/regulatory considerations, concentration in the U.S. market, and modestly higher interest expense. On balance, the positives outweigh the issues, pointing to confidence in near-term growth and execution.Company Guidance
Record Collections and Strong Growth
Global collections reached a record $718 million in Q1 2026, up 19% year-over-year, and delivered 106% of the company's ERC at the end of 2025; collections strength was driven by U.S. execution, technology deployment and recent portfolio purchases.
Robust Portfolio Purchasing
Global portfolio purchases were $363 million in Q1 2026 with 87% deployed in the U.S.; MCM purchases were $316 million (one of the strongest quarters ever) and Cabot purchases were $47 million; 2026 purchase guidance is $1.4–$1.5 billion.
Significant Revenue and EPS Improvement
Total revenues grew 21% to $475 million; portfolio revenue rose 13% to $390 million; debt purchasing revenue increased 23.5% to $453 million. Net income increased 84% to $86 million and EPS doubled to $3.86 (up 100% YoY).
Improved Yields, Margins and Cash Generation
Collection yield improved to 65.2% (up 2.6 percentage points YoY). Cash generation increased 21% year-over-year. Cash efficiency margin performed strongly in Q1 (~60.9% per management) and the company expects full-year cash efficiency margin to exceed 58% in 2026.
Stronger Capital Returns and Balance Sheet
Leverage improved to 2.3x at quarter end (down from 2.6x a year ago), ROIC improved to 14.6% (TTM) from 8.3% a year ago, the securitization facility maturity was extended to January 2031, and management repurchased approximately $20 million of stock in Q1.
MCM Operational Outperformance
Midland Credit Management (U.S.) collections rose to a record $556 million (up 23% YoY); early-vintage performance improved with 2024 vintages moving from a 2.3 multiple to 2.5 and 2025 vintages from 2.3 to 2.4; Q1 2026 vintage started at a 2.4 multiple.
Raised Guidance for 2026
Management raised full-year collections guidance to expect an 8% increase, targeting $2.8 billion in global collections for 2026, and expects EPS to increase ~19% to $13 per share for the year.
ECPG 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
ECPG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $84.24 | $82.22 | -2.40% |
Feb 25, 2026 | $59.17 | $63.94 | +8.06% |
Nov 05, 2025 | $42.75 | $47.22 | +10.46% |
Aug 06, 2025 | $37.43 | $39.44 | +5.37% |
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 Encore Capital Group (ECPG) report earnings?
Encore Capital Group (ECPG) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Encore Capital Group (ECPG) earnings time?
Encore Capital Group (ECPG) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ECPG EPS forecast?
ECPG EPS forecast for the fiscal quarter 2026 (Q2) is 2.87.