NASDAQ$ECPG
Encore Capital Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Encore's second quarter performance showed strong growth in portfolio purchasing, collections, and cash generation.
Encore Capital Group reported a strong second quarter with increased portfolio purchases, particularly in the U.S., and a 15% increase in global collections compared to the previous year. The company is raising its 2024 guidance due to its strong position in the U.S. market.
- Highly favorable purchasing conditions continue in the U.S. market.
- Global portfolio purchases reached $279 million, including a record $237 million in the U.S.
- Global collections increased by 15% to $547 million compared to Q2 2023.
- GAAP EPS was reported at $1.34.
Headline financials
Revenue & EPS history
Encore · Revenue · Quarterly
$355M
Revenue by segment
Encore · $327M total across 3 segments · Q3 2023
- Debt Purchasing Revenue$303M—92.7%
- Servicing Revenue$19.9M—6.1%
- Other Revenues$4.11M—1.3%
Forward guidance
Encore is raising its 2024 guidance provided in February. The company now anticipates global portfolio purchasing will exceed $1,150 million and year-over-year collections growth to be approximately 11% to over $2,075 million.
Tailwinds
- Global portfolio purchasing this year will exceed $1,150 million.
- Year-over-year collections growth to be approximately 11%.
- Collections are expected to be over $2,075 million.
- Company maintains its commitment to the consumer credit ecosystem.
- Company is focused on helping consumers restore their financial health.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.0%
Avg return
Earnings day
+3.8%
Avg return
5 days after
+3.1%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+38.9%
Q3 2016
Best reaction
-21.9%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -2.6% | -3.6% | |
| Q4 2025 | +8.2% | +21.4% | +16.4% | |
| Q3 2025 | +10.5% | +16.3% | +23.7% | |
| Q1 2025 | +23.9% | +22.5% | +16.7% | |
| Q4 2024 | -21.9% | -30.8% | -31.3% | |
| Q3 2024 | +4.9% | +5.3% | +3.6% | |
| Q2 2024 | +9.1% | +3.5% | +3.0% | |
| Q1 2024 | +11.9% | +10.1% | -0.3% | |
| Q4 2023 | -9.6% | -11.0% | -12.6% | |
| Q3 2023 | +9.7% | +16.9% | +20.3% | |
| Q2 2023 | -5.7% | -2.6% | -10.3% | |
| Q1 2023 | -4.9% | -3.8% | -5.6% | |
| Q4 2022 | -6.5% | -6.7% | -21.2% | |
| Q3 2022 | -9.7% | -5.6% | -1.2% | |
| Q2 2022 | -18.4% | -19.9% | -22.5% | |
| Q1 2022 | +6.4% | +6.7% | +3.7% | |
| Q4 2021 | -7.0% | -7.3% | -10.4% | |
| Q3 2021 | +10.4% | +12.4% | +10.1% | |
| Q2 2021 | -2.0% | -0.5% | +0.9% | |
| Q1 2021 | +4.8% | +0.4% | +15.1% | |
| Q4 2020 | -0.4% | +1.9% | +25.1% | |
| Q3 2020 | -2.0% | -1.8% | +13.7% | |
| Q2 2020 | +27.8% | +22.1% | +29.0% | |
| Q1 2020 | -1.6% | -0.2% | +13.2% | |
| Q4 2019 | +10.8% | +23.6% | -11.7% | |
| Q3 2019 | +7.7% | +7.5% | +10.0% | |
| Q2 2019 | +7.8% | +5.3% | -2.1% | |
| Q1 2019 | +17.3% | +27.2% | +28.6% | |
| Q4 2018 | +2.2% | -2.4% | -18.7% | |
| Q3 2018 | -10.8% | -5.5% | -8.1% | |
| Q2 2018 | +11.7% | +9.6% | +6.7% | |
| Q1 2018 | +1.1% | +0.6% | -14.4% | |
| Q4 2017 | +7.4% | +1.8% | +9.6% | |
| Q3 2017 | +6.9% | +4.8% | -0.5% | |
| Q2 2017 | +5.8% | +7.2% | +2.2% | |
| Q1 2017 | -6.2% | +0.0% | +7.4% | |
| Q4 2016 | +1.9% | -3.5% | -11.9% | |
| Q3 2016 | +38.9% | +39.5% | +59.2% | |
| Q2 2016 | -16.3% | -14.3% | -10.2% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | +5.4% | — | — | |
| Q3 2015 | +0.9% | — | — | |
| Q2 2015 | -5.7% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | -7.9% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | +2.8% | — | — | |
| Q4 2013 | +1.6% | — | — | |
| Q3 2013 | +1.0% | — | — | |
| Q2 2013 | +11.2% | — | — | |
| Q1 2013 | +4.0% | — | — | |
| Q4 2012 | +5.7% | — | — | |
| Q3 2012 | -7.0% | — | — | |
| Q2 2012 | +8.0% | — | — | |
| Q1 2011 | +8.3% | — | — | |
| Q1 2012 | +8.3% | — | — | |
| Q4 2011 | -2.3% | — | — | |
| Q4 2009 | -2.3% | — | — | |
| Q3 2010 | +2.5% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2010 | -9.5% | — | — | |
| Q4 2010 | -9.5% | — | — | |
| Q2 2011 | -9.5% | — | — | |
| Q1 2010 | -2.2% | — | — |
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