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PRA Group Q1 2023 Earnings Report

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$22.57 -0.10 (-0.44%)
As of 02/21/2025 04:00 PM Eastern

PRA Group EPS Results

Actual EPS
-$1.50
Consensus EPS
$0.45
Beat/Miss
Missed by -$1.95
One Year Ago EPS
$0.97

PRA Group Revenue Results

Actual Revenue
$155.50 million
Expected Revenue
$223.52 million
Beat/Miss
Missed by -$68.02 million
YoY Revenue Growth
-35.40%

PRA Group Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

PRA Group Earnings Headlines

PRA Group enters partnership with StepChange
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PRA Group price target raised to $33 from $31 at Truist
Pra Group (PRAA) Receives a New Rating from a Top Analyst
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About PRA Group

PRA Group (NASDAQ:PRAA), a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, including Visa and MasterCard credit card accounts, private label and other credit card accounts, personal loans, automobile loans, and small business loans from banks, credit unions, consumer finance companies, retailers, utilities, automobile finance companies, and other credit originators. In addition, it provides fee-based services on class action claims recoveries. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia.

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