Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
PRA Group (PRAA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The mean of analysts' price targets for PRA Group (PRAA) points to a 32.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
PRA Group (PRAA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
PRAA's fourth-quarter results benefit from strong cash collection across the United States and Europe. It expects a cash efficiency ratio of more than 60% for 2025.
PRA Group, Inc. (NASDAQ:PRAA ) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants Najim Mostamand - Vice President, Investor Relations Vik Atal - President and CEO Rakesh Sehgal - Executive Vice President and CFO Conference Call Participants David Scharf - Citizens JMP Mark Hughes - Truist Robert Dodd - Raymond James John Rowan - Janney Operator Good evening. And welcome to the PRA Group's Fourth Quarter and Full Year 2024 Conference Call.
PRA Group (PRAA) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to loss of $0.22 per share a year ago.
PRAA's fourth-quarter results are likely to reflect growing cash collections and higher portfolio income.
PRAA remains well-poised for growth, attributable to improved purchase volumes, portfolio acquisitions and increased cash collections.
PRA Group: Rebuilding Credibility And Still Undervalued
Investors need to pay close attention to PRA Group (PRAA) stock based on the movements in the options market lately.
PRAA's third-quarter results benefit from strong cash collection and portfolio income growth. Higher expenses partially offset the positives.