How did PRAA's Q1 2025 EPS forecast compare to past trends?
4/6/2025 08:14pm
PRAA's Q1 2025 EPS forecast is not currently available, and the company's recent performance and trends are more accurately reflected in the latest data available.
1. **Recent Performance**: PRA Group, Inc. (PRAA) has shown strong signs of recovery and transformation, with significant improvements in earnings and cash collections. The company reported a quarterly adjusted earnings of $0.47 per share for the quarter ended December 31, 2024, higher than the same quarter last year, and beat the Zacks Consensus Estimate.
2. **Estimate Revisions**: Estimates for PRAA's earnings have been trending upward, with a shift of 8.85% in the consensus estimate over the past month. This indicates a positive outlook from analysts, suggesting that the company's performance is likely to improve further.
3. **Strategic Transformation**: PRAA has undergone a significant management change, with 80% of its management team being replaced to drive a turnaround. This strategic move is likely to have a positive impact on the company's performance in the coming quarters.
4. **Financial Targets**: The company has set a target of a return on average tangible equity of approximately 12% for 2025, up from 10% in 2024. This suggests that the company is optimistic about its future earnings potential.
5. **Market Position**: PRAA is a major global debt collection firm, with 62% of its cash collections coming from the U.S. and Australia, and the remaining 38% from Europe. This diversified revenue stream is likely to provide a stable income base for the company.
In conclusion, while the Q1 2025 EPS forecast for PRAA is not currently available, the company's recent performance, estimate revisions, strategic transformation, financial targets, and market position all suggest a positive outlook for the company's future earnings.