Encore Capital Group (ECPG) Misses Q3 EPS by 22c, provides outlook

Encore Capital Group (NASDAQ: ECPG) reported Q3 EPS of $1.26, $0.22 worse than the analyst estimate of $1.48. Revenue for the quarter came in at $367.07 million versus the consensus estimate of $360.7 million.

Outlook:

“Due to our continued strong operational and investment execution, we are again raising our 2024 guidance which we originally established in February and revised upward in August. We now anticipate our global portfolio purchasing this year will exceed $1,250 million and we expect our year-over-year collections growth to be approximately 15% to over $2,125 million. As always, we remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health,” said Masih.

For earnings history and earnings-related data on Encore Capital Group (ECPG) click here.

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