Encore Capital Gr: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Encore Capital Gr (NASDAQ:ECPG) reported Q4 earnings with an EPS of $1.25, beating estimates by 1.63% and showing a revenue increase of $43.39 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 10.42% the following day. The company's past earnings performance shows variability in meeting EPS estimates but demonstrates revenue growth over the past year.
February 21, 2024 | 9:30 pm
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Encore Capital Gr reported a Q4 EPS of $1.25, surpassing estimates by 1.63%, with a significant year-over-year revenue increase. The company's share price previously rose by 10.42% following a missed EPS estimate last quarter.
Encore Capital Gr's Q4 earnings beat and revenue growth are positive indicators for the stock. Historically, the company's stock price has responded positively to earnings announcements, even after missing estimates. The reported growth in revenue and the beat on EPS estimates suggest a potential short-term positive impact on ECPG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100