Encore Capital Group Inc (ECPG) Faces Net Loss in 2023 Despite Strong Portfolio Growth [Yahoo! Finance]
Encore Capital Group Inc (ECPG)
Last encore capital group inc earnings: 2/26 04:05 pm
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investors.encorecapital.com
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Source: Yahoo! Finance
Net Loss : Reported a net loss of $206.5 million, or ($8.72) per share, largely due to a $238 million goodwill impairment. Portfolio Purchases : Increased by 34% to $1,073.8 million, with a record $815 million in the U.S. market. Operating Expenses : Rose by 29% to $1,206.1 million in 2023 compared to the previous year. Estimated Remaining Collections (ERC) : Grew by 8% to $8,191.9 million, indicating potential future revenue from purchased debt portfolios. Warning! GuruFocus has detected 6 Warning Signs with ECPG. On February 21, 2024, Encore Capital Group Inc ( NASDAQ:ECPG ) released its 8-K filing , detailing its financial results for the fourth quarter and the full year ended December 31, 2023. The specialty finance company, known for its debt recovery solutions, faced a challenging year with a significant net loss, despite strong growth in its portfolio purchases, particularly in the U.S. market. Company Overview Encore Capital Group Inc is a specialty finance comp
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ECPG
News
- Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial Education [Yahoo! Finance]Yahoo! Finance
- Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial EducationGlobeNewswire
- Encore Capital Group to Announce First Quarter 2024 Financial Results on May 8GlobeNewswire
- Encore Capital Group, Inc. (NASDAQ: ECPG) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $60.00 price target on the stock.MarketBeat
- Encore Capital Group, Inc. (NASDAQ: ECPG) was downgraded by analysts at TheStreet from a "c-" rating to a "d+" rating.MarketBeat
ECPG
Earnings
- 2/21/24 - Miss
ECPG
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- ECPG's page on the SEC website