Bull of the Day: PRA Group (PRAA)

Core Viewpoint - The market is optimistic about the beginning of the rate cut cycle, which is beneficial for the stock market and investors seeking strong earnings records [1] Company Overview - PRA Group (PRAA) is highlighted as a financial and business services company that specializes in the purchase, collection, and management of nonperforming loan portfolios globally [2] Earnings Estimates - Analysts have increased their earnings estimates for PRA Group, with the current year consensus rising from $0.70 to $1.33 and next year's estimate increasing from $1.72 to $2.01, supported by revenue growth projections of 33% this year and 6% next year [3] Stock Performance Analysis - There is a notable divergence between earnings estimates and the stock price, with the stock price not reflecting the positive earnings trends despite consistent earnings beats [4] - The stock was trading around $50 at the beginning of 2022 but has since dropped to less than half that amount, indicating potential for price recovery if earnings continue to improve [5]