PRA Group reports Q3 EPS 69c with items, consensus 32c

Reports Q3 revenue $241.48M, consensus $262.2M. Q3 EPS results include a tax benefit item of $7.7M, or 20c per share. “Our Q3 financial results reflected strong cash collections, robust portfolio buying, significant revenue increases and solid net income. Over the past 18 months, we have built out a highly experienced senior leadership team, capitalized on the rebound in U.S. portfolio supply, executed on our cash-generating and operational initiatives with intense focus, speed and discipline, and driven the financial and operational turnaround in our U.S. business, while continuing to differentiate ourselves in Europe at a time when certain of our competitors in that region have been under pressure,” said Vikram Atal, president and CEO.