PRA Group's (PRAA) Q2 Earnings Beat on Strong Portfolio Income

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 ...