NASDAQ$ECPG
Encore Capital Group Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Q3 performance reflected impacts of an evolving macroeconomic environment and entering growth portion of supply cycle, particularly in the U.S.
Encore Capital Group's Q3 performance was impacted by lower collections due to reduced global portfolio purchasing in 2020 and 2021, normalization of U.S. consumer behavior and currency changes in Europe, but global portfolio purchases were up 38% compared to Q3 2021.
- Disciplined execution of strategy has led to strong current position.
- Q3 performance reflected impacts of an evolving macroeconomic environment, including lower collections and currency changes.
- Entering growth portion of supply cycle, particularly in the U.S.
- Global portfolio purchases were $233M, up 38% compared to Q3 2021.
Headline financials
Revenue & EPS history
Encore · Revenue · Quarterly
$308M
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 Capital Group is well-positioned to capitalize on opportunities ahead with U.S. consumer payment behavior normalizing and entering the growth portion of the industry supply cycle.
Tailwinds
- U.S. consumer payment behavior is normalizing while U.K. consumers remain stable.
- Entering growth portion of the industry supply cycle.
- U.S. lending now above pre-pandemic levels while U.K. recovery slower.
- U.S. charge off rates steadily rising from pandemic lows while U.K. normalizing more slowly.
- Best-in-class balance sheet with low leverage, global financing and ample liquidity.
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 2022
+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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