It has been about a month since the last earnings report for PRA Group (PRAA) . Shares have added about 4.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is PRA Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. PRA Group's Q2 Earnings Beat on Strong Portfolio ...

Shares of PRA Group (PRAA) have gained 4.2% over the past four weeks to close the last trading session at $22.06, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $28.33 indicates a potential upside of 28.4%. The mean estimate comprises three short-term price targets with a standard deviation of $4.51. While the lowest estimate of $24 indicates an 8.8% increase from the current p ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead ...

NORFOLK, Va., Aug. 15, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, is proud to announce Elizabeth Kersey, senior vice president of communications and public policy, was named the winner of a Silver Stevie® Award in the Communications, Investor Relations or PR Executive of the Year category in the 21st Annual International Business Awards®. Elizabeth Kersey, senior vice president of communications and public policy at PRA Group, wins a Silver Stevie® award in the ...

Richard Drury In recent weeks the market has become more concerned about an economic slowdown and possible recession. Many are probably asking if there is a way to hedge their portfolio or even make money in that scenario. There are very few pure countercyclical companies out there. By countercyclical I mean companies that perform better in a declining economy and perform well in a recession. One of the most countercyclical companies is PRA Group (NASDAQ:PRAA) along with its peer Encore Capital (ECPG). This ...

PRA Group (PRAA) closed the last trading session at $22.10, gaining 14.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $33 indicates a 49.3% upside potential. The average comprises three short-term price targets ranging from a low of $24 to a high of $42, with a standard deviation of $9. While the lowest estimate indicates an increase of 8.6% from the current price level, the mo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission File Number: 000-50058 PRA Group, Inc. (Exact name of registrant as specified in its charter) Delaware 75-3078675 (State or other jurisdictio ...

PRA Group, Inc. (PRAA) reported second-quarter 2024 earnings per share of 54 cents, which significantly outpaced the Zacks Consensus Estimate of 5 cents. A loss of 10 cents per share was incurred in the prior-year quarter. Total revenues climbed 35.8% year over year to $284.2 million. The top line surpassed the consensus mark by 16%. The quarterly results were aided by improved cash collections, higher portfolio income and solid purchasing activity. However, the upside was partly offset by an elevated expen ...

PRA Group Q2 2024 Conference Call Presentation Nasdaq: PRAA Forward-Looking Statements Statements in this presentation, other than statements of historical fact, are forward-looking statements, which are based on our current beliefs, projections, assumptions and expectations concerning future operations and financial performance. Such statements involve uncertainties and risks, some of which are not currently known to us, and may be superseded by future events that could cause actual results to differ mater ...

PRA Group, Inc. (NASDAQ:PRAA) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vikram Atal - President and Chief Executive Officer Rakesh Sehgal - Executive Vice President and Chief Financial Officer Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Sean-Paul Adams - Raymond James Operator Good evening and welcome to PRA Group’s Second Quarter 2024 Conference Call. All participants will be in a l ...