Recap: PRA Group Q4 Earnings
Portfolio Pulse from Benzinga Insights
PRA Group (NASDAQ:PRAA) reported Q4 earnings, surpassing estimated earnings by 40.54% with an EPS of $-0.22 against an estimate of $-0.37. However, revenue decreased by $1.43 million from the previous year. Following last quarter's earnings beat, PRAA's share price increased by 16.64% the next day.
February 15, 2024 | 9:35 pm
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PRA Group reported a significant beat on Q4 earnings estimates but saw a decrease in revenue compared to last year. The company's history of a share price increase following last quarter's earnings beat may influence investor expectations.
PRA Group's significant beat on earnings estimates is likely to positively impact investor sentiment, especially considering the historical share price increase following last quarter's earnings beat. However, the decrease in revenue could temper some of the positive momentum. The overall impact is expected to be positive in the short term due to the earnings beat.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100