earnings
confidence high
sentiment negative
materiality 0.75
PRA Group Q4 GAAP EPS loss $0.22; full year diluted EPS loss $2.13
PRA GROUP INC
2023-FY EPS reported
-$2.13
revenue$802,554,000
- Q4 2023: net loss $8.8M, diluted EPS $(0.22); portfolio revenue $217.4M.
- Full year 2023: net loss $83.5M, diluted EPS $(2.13); portfolio purchases $1.2B (+36% YoY).
- Total cash collections Q4 $410.3M, up 4.8% YoY; US collections down, Europe up.
- Operating expenses Q4 up 7.6%; full year interest expense up 39.1% to $181.7M.
- Company addressing US underperformance; expects meaningful profitability in 2024.