NASDAQ$ECPG
Encore Capital Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Driven by strong collections, particularly in the MCM business, the company's Q3 performance was solid.
Encore Capital Group reported a strong Q3 2021, driven by strong collections, particularly in their MCM business. They saw a 5% increase in collections and a 2% increase in revenues compared to Q3 2020. The company also repurchased $41M of ECPG shares in Q3 and is accelerating capital return via a $300M tender offer for ECPG shares.
- Collections were $567M, a 5% increase year-over-year.
- Revenues were $413M, a 2% increase year-over-year.
- GAAP Net Income was $84M, a 53% increase year-over-year.
- GAAP EPS was $2.66, a 55% increase year-over-year.
Headline financials
Revenue & EPS history
Encore · Revenue · Quarterly
$413M
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
The company is focused on purchasing NPL portfolios at attractive cash returns, focusing on the consumer and ensuring compliance, meeting or exceeding collection expectations, maintaining an efficient cost structure, and minimizing the cost of funding.
Tailwinds
- Purchase NPL portfolios at attractive cash returns
- Focus on the consumer and ensure the highest level of compliance
- Meet or exceed collection expectations
- Maintain efficient cost structure
- Minimize cost of funding
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 Q3 2021
+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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