PRA Group Q4 2023 GAAP EPS $(0.22) Beats $(0.37) Estimate, Sales $221.42M Beat $208.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
PRA Group (NASDAQ:PRAA) reported Q4 2023 earnings with a GAAP EPS of $(0.22), surpassing the $(0.37) estimate. Sales reached $221.42M, exceeding the $208.25M forecast, yet marking a slight 0.64% decrease from the previous year.
February 15, 2024 | 9:32 pm
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PRA Group reported better-than-expected Q4 2023 earnings and sales, with a minor year-over-year sales decrease.
PRA Group's earnings and sales for Q4 2023 exceeded analyst expectations, which is typically a positive signal for investors and can lead to a short-term increase in stock price. The slight year-over-year decrease in sales might temper the positive impact, but the overall beat on estimates is likely to be the dominant factor in the short term.
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RELEVANCE 100