Encore Capital Gr Q2 2024 GAAP EPS $1.34 Beats $1.24 Estimate, Sales $355.285M Beat $346.056M Estimate
Portfolio Pulse from Benzinga Newsdesk
Encore Capital Group (NASDAQ:ECPG) reported Q2 2024 GAAP EPS of $1.34, beating the estimate of $1.24. Sales were $355.285M, surpassing the $346.056M estimate and showing a 9.98% increase from the same period last year.
August 07, 2024 | 9:08 pm
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Encore Capital Group (NASDAQ:ECPG) reported Q2 2024 GAAP EPS of $1.34, beating the estimate of $1.24 by 8.06%. Sales were $355.285M, surpassing the $346.056M estimate and showing a 9.98% increase from the same period last year.
Encore Capital Group's better-than-expected earnings and sales figures, along with a significant year-over-year increase in sales, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100