Encore Capital Gr Q1 2024 GAAP EPS $0.95 Beats $0.94 Estimate, Sales $328.386M Miss $330.826M Estimate
Portfolio Pulse from Benzinga Newsdesk
Encore Capital Group (ECPG) reported Q1 2024 earnings of $0.95 per share, slightly above the consensus estimate of $0.94. However, their quarterly sales of $328.386M fell short of the expected $330.826M, marking a 5.04% increase from the previous year.
May 08, 2024 | 9:28 pm
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ECPG's Q1 2024 earnings surpassed estimates by 1.06%, but sales missed expectations by 0.74%, showing a 5.04% year-over-year growth.
The slight beat in EPS may provide a positive sentiment among investors, but the miss in sales could temper any significant stock price movement. The year-over-year sales growth indicates steady business growth, which could neutralize the impact of the sales miss on investor sentiment.
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