Encore Capital's (ECPG) Q4 Earnings Beat on Higher Collections
ECPGEncore Capital Group(ECPG) Zacks Investment Research·2024-02-27 03:46

Encore Capital Group (ECPG) reported fourth-quarter 2023 adjusted earnings per share (EPS) of 1.25,whichbeattheZacksConsensusEstimateby2.51.25, which beat the Zacks Consensus Estimate by 2.5%. The bottom line reported a significant improvement from a loss of 3.11 per share in the year-ago quarter. ECPG's revenues climbed 18.5% year over year to $277.4 million. However, the top line missed the consensus mark by 16.1%. The strong fourth-quarter earnings benefited from improving portfolio supply in the United States and rising collections. Continued g ...