Encore Capital (ECPG) Shares Rise 11.4% Since Q2 Earnings Beat

Encore Capital Group, Inc. (ECPG) shares have gained 11.4% since it reported second-quarter 2024 results on Aug 7, 2024. The strong second-quarter results benefited from improving portfolio supply in the United States and rising collections. However, growth in expenses partially offset the upside. ECPG reported second-quarter 2024 adjusted earnings per share (EPS) of $1.34, which beat the Zacks Consensus Estimate by 6.4%. The bottom line also reported an improvement of 24% year over year. ECPG's revenues cl ...