PRA Group

PRA Group, Inc. engages in the purchase, collection and management of portfolios of nonperforming loans. The firm purchase portfolios of nonperforming loans at a discount in two broad categories: Core and Insolvency. It also provides fee-based services on class action claims recoveries and by servicing consumer bankruptcy accounts in the United States. The company was founded by Steven D. Fredrickson and Kevin P. Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PRA Group reports resilient Q4 performance and eyes strategic growth

PRA Group showcased solid financial performance in Q4 2022 with strong cash collections and improved cost management. The company celebrated milestones and discussed strategic achievements.
While facing challenges like inconsistent fresh flows and rising costs, PRA Group is poised for growth with opportunities in M&A, debt purchases, and digital collections.
Efficiency gains through digital initiatives and a focus on strategic objectives position PRA Group for continued success and expansion in the market.

PRA Group reports Q1 loss, eyes legal collections for growth

PRA Group faces challenges in the US market but remains optimistic about future performance and growth opportunities. Legal collections are on the rise, impacting costs compared to call center collections. The company's strategic focus on seller relationships and market growth aims to address economic challenges.
Despite a net loss and decreased cash collections, PRA Group's strong foundation, global presence, and confidence in strategic objectives position it well for future success. The company's investments in the Americas and Europe signal expectations of growing ERC levels and improved supply environment.

PRA Group excels in Q2 2023 with focus on profitability

PRA Group's Q2 2023 earnings call highlighted a mix of successes and challenges, with a clear focus on profitability, shareholder value creation, and operational improvements.

PRA Group maintains stability in Europe, focuses on operational enhancements

PRA Group's Q3 2023 earnings call highlighted stable performance in Europe and strategic initiatives in the U.S. to enhance collections. The company's strong capital structure and focus on operational effectiveness are key strengths. Challenges include efficiency improvements and market dynamics, while opportunities lie in outsourcing strategies and portfolio purchases.

PRA Group reports robust Q4 earnings, eyes growth amid challenges

PRA Group delivered strong financial results in Q4 2023, driven by portfolio income growth and effective debt collection strategies.
Despite cautionary statements on risks, the company's solid capital structure and growth in portfolio value position it well for future opportunities.
Challenges lie in achieving targeted returns and sustaining growth momentum amidst market uncertainties, while opportunities exist for expansion and cost optimization.

PRA Group reports robust Q1 earnings, eyes U.S. expansion for growth

PRA Group delivered a solid performance in Q1 2024, driven by strong revenues, cash collections, and strategic investments in the U.S.
Efficient cost management, robust portfolio purchases, and a focus on profitability pillars position the company for continued growth and value creation.
While facing challenges in maintaining growth targets and managing expenses, PRA Group's strong financial position and strategic outlook offer opportunities for sustained performance and shareholder value.

PRA Group reports robust Q2 performance amidst strategic investments

PRA Group's Q2 2024 performance showed strong cash collections growth and strategic investments.
While challenges like rising legal collection costs exist, opportunities in global expansion and portfolio investments are promising.
The company aims for sustained growth with 2024 targets set for portfolio investments and ROATE.
Overall, PRA Group's financials reflect a balance between performance, strengths, challenges, and opportunities.

PRA Group (PRAA) reports robust Q3 performance and sets ambitious 2025 goals

PRA Group delivered impressive financial results in Q3 2024, with notable increases in revenues, cash collections, and portfolio purchases. While facing challenges related to operational aspects and cost management, the company remains focused on leveraging opportunities for growth and profitability in the upcoming year.

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PRA Group (PRAA) reported earnings 30 days ago. What's next for the stock?

PRA Group (PRAA) Down 16.7% Since Last Earnings Report: Can It Rebound?

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