Earnings Preview For Encore Capital Gr
Portfolio Pulse from Benzinga Insights
Encore Capital Gr (NASDAQ:ECPG) is scheduled to release its quarterly earnings report on February 21, 2024, with an expected EPS of $1.23. Despite past earnings misses, the company's stock price increased by 10.42% following the last quarterly report. Over the past year, ECPG shares have declined by 7.65%. Investors are looking for a beat on the EPS estimate and positive guidance for future growth.
February 20, 2024 | 5:02 pm
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Encore Capital Gr is expected to report an EPS of $1.23 for the upcoming quarter. Historical data shows significant stock price movements post-earnings announcements, despite a year-long 7.65% decline in share value.
Given the historical volatility in ECPG's stock price following earnings announcements, especially with a significant increase after the last miss, the upcoming earnings report could lead to a positive short-term impact on the stock price if the company meets or exceeds the EPS estimate and provides positive guidance. However, the overall bearish sentiment from the past year's decline in share value tempers the potential upside.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100