PRA Group Q1 2024 GAAP EPS $0.09 Beats $(0.05) Estimate, Sales $255.586M Beat $233.371M Estimate
Portfolio Pulse from Benzinga Newsdesk
PRA Group (NASDAQ:PRAA) reported Q1 2024 earnings of $0.09 per share, surpassing the $(0.05) estimate, marking a 280% beat and a 106% increase from last year's $(1.50) per share loss. Sales reached $255.586M, exceeding the $233.371M estimate by 9.52% and showing a 64.40% increase from the previous year.

May 06, 2024 | 8:31 pm
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POSITIVE IMPACT
PRA Group reported a significant beat on both earnings and sales estimates for Q1 2024, with earnings per share at $0.09 against a $(0.05) estimate and sales of $255.586M against a $233.371M estimate.
The significant beat on both earnings per share and sales estimates for PRA Group indicates strong operational performance and better-than-expected financial health. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in PRAA's stock price, given the substantial outperformance compared to analyst expectations and the impressive year-over-year growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100