secwatch / observer
8-K filed February 22, 2023, 6:59 PM ET ticker ECPG CIK 0001084961
earnings confidence high sentiment negative materiality 0.75

Encore Capital reports Q4 net loss of $73M; full-year EPS $7.46, down 34% YoY

ENCORE CAPITAL GROUP INC

2022-FY EPS reported $7.46 revenue$1,398,347,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENCORE CAPITAL GROUP INC reported the fourth quarter ended December 31, 2022 results: revenue $ 233,996, net income $ (73,118), EPS $ (3.11).

Period
the fourth quarter ended December 31, 2022
Revenue
$ 233,996
Net income
$ (73,118)
EPS
$ (3.11)
Result
reported results
Exact text from the filing
Financial Highlights for the Fourth Quarter of 2022: Three Months Ended December 31, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 436,156 $ 521,781 (16)% Revenues $ 233,996 $ 357,303 (35)% Portfolio purchases (1) $ 225,343 $ 183,435 23% Operating expenses $ 236,301 $ 233,279 1% Effective tax rate (59.3) % 10.6 % N/A GAAP net (loss) income $ (73,118) $ 76,083 (196)% GAAP (loss) income per share $ (3.11) $ 2.53 (223)%
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ENCORE CAPITAL GROUP INC reported the full fiscal year ended December 31, 2022 results: revenue $ 1,398,347, net income $ 194,564, EPS $ 7.46.

Period
the full fiscal year ended December 31, 2022
Revenue
$ 1,398,347
Net income
$ 194,564
EPS
$ 7.46
Result
reported results
Exact text from the filing
Financial Highlights for the Full Year of 2022: Year Ended December 31, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 1,911,537 $ 2,307,359 (17)% Revenues $ 1,398,347 $ 1,614,499 (13)% Portfolio purchases (1) $ 800,507 $ 664,529 20% Estimated Remaining Collections (ERC) $ 7,555,003 $ 7,749,954 (3)% Operating expenses $ 936,173 $ 981,227 (5)% Effective tax rate 37.4 % 19.5 % +1790bps GAAP net income attributable to Encore $ 194,564 $ 350,782 (45)% GAAP earnings per share $ 7.46 $ 11.26 (34)%
View on SEC.gov

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ENCORE CAPITAL GROUP INC filing history →

Source: SEC EDGAR
accession 0001084961-23-000011
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