PRA Group Q2 EPS $(0.10) Beats $(0.16) Estimate, Sales $209.24M Beat $204.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
PRA Group reported Q2 losses of $(0.10) per share, beating the analyst consensus estimate of $(0.16) by 37.5%. This is a 110.99% decrease from last year's earnings. The company also reported quarterly sales of $209.24 million, beating the estimate of $204.21 million by 2.46%. This is a 18.98% decrease from last year's sales.
August 07, 2023 | 9:12 pm
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NEUTRAL IMPACT
PRA Group's Q2 earnings and sales beat estimates, but both were significantly lower than the same period last year.
While PRA Group beat estimates for both earnings and sales, the significant YoY decreases could be a cause for concern among investors. This could potentially lead to a neutral or negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100