earnings
confidence high
sentiment negative
materiality 0.75
PRA Group Q2 2022 net income $36.5M ($0.91 EPS); cash collections down 18.3% YoY
PRA GROUP INC
2022-Q2 EPS reported
$1.88
revenue$498,867,000
- Diluted EPS of $0.91 vs. $1.22 in Q2 2021; net income $36.5M down 34.8%.
- Total cash collections $444.1M, down 18.3% (down 15.4% constant currency).
- Portfolio purchases $231.3M, up from $219.7M a year ago, driven by Europe.
- Share repurchases of $34.9M (0.8M shares); $92.7M remaining under plan.
- Estimated remaining collections (ERC) $5.6B; debt to adjusted EBITDA 2.03x.