Encore Capital Gr Q3 2023 EPS $0.79 Misses $1.32 Estimate, Sales $309.62M Miss $332.57M Estimate
Portfolio Pulse from totan@benzinga.com
Encore Capital Gr (NASDAQ:ECPG) reported Q3 2023 earnings of $0.79 per share, missing the analyst consensus estimate of $1.32 by 40.15%. This is a 35.25% decrease from the same period last year. The company also reported quarterly sales of $309.62 million, missing the analyst consensus estimate of $332.57 million by 6.90%. This is a 0.61% increase from the same period last year.
November 01, 2023 | 8:36 pm
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NEGATIVE IMPACT
Encore Capital Gr's Q3 2023 earnings and sales missed estimates, with a significant decrease in earnings YoY. This could negatively impact the company's stock in the short term.
Encore Capital Gr's earnings and sales missed estimates, which is typically seen as a negative signal by the market. The significant decrease in earnings YoY further exacerbates this negative sentiment. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100