PRAA Reports Strong Q4 Earnings, Surpassing Expectations
NORFOLK, Va. - PRA Group Inc. (PRAA) announced fourth-quarter earnings of $18.5 million on Wednesday, translating to earnings per share of 47 cents.
The results exceeded Wall Street analysts' estimates, with Zacks Investment Research reporting an average projection of 45 cents per share. PRAA's revenue for the quarter reached $293.2 million, also surpassing analysts' expectations of $276.8 million.
For the full year, the company reported a profit of $70.6 million, or $1.79 per share, on revenue of $1.11 billion.