Earnings OutlookThere is a significant disconnect between the strong and improving earnings momentum and the share price, and PRAA continues to offer attractive return potential.
Financial PerformancePRA Group once again delivered near-record levels of purchase volumes, record ERC (estimated remaining collections), accelerating and double-digit collections growth, improving portfolio yields, ongoing operational improvements, and significant EPS upside.
Market ConditionsThe competitive environment in the company’s European markets is very favorable; U.S. supply remains elevated and at attractive pricing/yields, and this should continue into 2025.