Why Weaker Earnings Still Have PRA Group Investors Happy [The Motley Fool]
PRA Group, Inc. (PRAA)
Last pra group, inc. earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
ir.pragroup.com/investors
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Source: The Motley Fool
The debt collector made some big strides during the quarter. Like many businesses, debt collection is a cyclical industry, and as a major player in that industry, PRA Group ( NASDAQ:PRAA ) is subject to the ups and downs of the economy. During good times, there aren't as many nonperforming loans for PRA Group to collect on. Only when times get tough do default rates move higher, spurring many creditors to turn their collections over to PRA. Coming into Wednesday's first-quarter financial report, PRA Group investors were prepared for declines in earnings and almost no sales growth. The debt collection specialist took the expected bottom-line hit, but rising revenue was encouraging for those looking for signs of strength from the company. Image source: PRA Group. PRA Group starts 2018 strong PRA Group's first-quarter results were mixed. The company did well on the revenue front, seeing its top line rise 8% to $223.2 million. Net income attributable to PRA sha
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PRAA
News
- PRA Group Names Industry Veteran Steve Macke as its Global Operations Officer [Yahoo! Finance]Yahoo! Finance
- PRA Group Names Industry Veteran Steve Macke as its Global Operations OfficerPR Newswire
- PRA Group to Announce First Quarter 2024 Results on May 6PR Newswire
- Here's Why You Should Retain PRA Group (PRAA) Stock for Now [Yahoo! Finance]Yahoo! Finance
- PRA Group Appoints Glenn Marino to Board of Directors [Yahoo! Finance]Yahoo! Finance
PRAA
Earnings
- 2/15/24 - Beat
PRAA
Sec Filings
- 4/17/24 - Form 4
- 3/19/24 - Form 4
- 3/19/24 - Form 3
- PRAA's page on the SEC website