PRA Group Reports Second Quarter 2020 Results

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Go back to PRA Group Reports Second Quarter 2020 Results

PRA Group (PRAA) Tops Q2 EPS by 57c, Revenues Beat

August 6, 2020 5:49 PM EDT

PRA Group (NASDAQ: PRAA) reported Q2 EPS of $1.26, $0.57 better than the analyst estimate of $0.69. Revenue for the quarter came in at $271.91 million versus the consensus estimate of $261.67 million.

Second Quarter Highlights

Record global cash collections of $509.9 million, an increase of 8%, or 11% on a currency adjusted basis, compared to the second quarter of 2019.Record total revenues of $271.9 million, an increase of 8% compared to the second quarter of 2019.Record income from operations of $111.3 million,... More