NASDAQ$PRAA
Pra Group Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported strong first quarter performance with record cash collections and increased income from operations.
PRA Group reported a strong start to 2020, with record global cash collections of $494.6 million, a 7% increase year-over-year, and net income attributable to PRA Group, Inc. rising to $19.1 million from $15.2 million in the first quarter of 2019.
- Global cash collections reached a record $494.6 million, up 7% from Q1 2019.
- Estimated Remaining Collections (ERC) increased by $273.8 million to $6.5 billion, a 4% rise compared to Q1 2019.
- Total portfolio purchases amounted to $273.2 million.
- Income from operations increased by 24% to $60.5 million compared to the first quarter of 2019.
Headline financials
Revenue & EPS history
Pra Group · Revenue · Quarterly
$252M
Revenue by segment
Pra Group · $250M total across 3 segments · Q1 2020
- Portfolio income$262M—105.0%
- Other revenue$369K—0.1%
- Changes in expected recoveries-$12.8M—-5.1%
Forward guidance
PRA Group did not provide specific forward guidance in this earnings report. However, they did state that for the month of April, total cash collections increased on a constant currency basis compared to April of 2019, trending ahead of the cash forecast revised for the impact of COVID-19.
Tailwinds
- Collector attendance rates in the U.S. returning to pre-COVID-19 levels.
- Continued portfolio acquisitions.
- Consumer payment trends.
- Relaxation of restrictions in some localities globally.
- Total cash collections increased on a constant currency basis compared to April of 2019, trending ahead of the cash forecast revised for the impact of COVID-19.
Headwinds
- COVID-19 impacted cash production through reduced workforce and decreased collection rates.
- Call centers remain open, with the exception of Henderson, Nevada.
- The strengthening U.S. Dollar caused a $239.0 million decrease in ERC compared to year-end 2019.
- Changes in expected recoveries were a decrease of $12.8 million, primarily related to an expected delay in cash collections from the impact of COVID-19.
- PRA Group is closely monitoring the impacts of COVID-19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2020
+0.5%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.2%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+37.1%
Q1 2020
Best reaction
-31.0%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -8.1% | -29.6% | — | |
| Q4 2025 | +24.0% | +34.6% | +33.0% | |
| Q3 2025 | -11.1% | +0.7% | +17.6% | |
| Q1 2025 | -29.4% | -30.0% | -26.1% | |
| Q4 2024 | -4.2% | -6.0% | -13.9% | |
| Q3 2024 | +14.3% | +16.0% | -0.4% | |
| Q2 2024 | -10.3% | -5.3% | -7.5% | |
| Q1 2024 | +0.4% | +6.1% | -16.5% | |
| Q4 2023 | +21.6% | +13.3% | -0.8% | |
| Q3 2023 | +20.3% | +14.2% | +46.6% | |
| Q2 2023 | -0.6% | -7.1% | -12.1% | |
| Q1 2023 | -31.0% | -47.4% | -33.8% | |
| Q4 2022 | +5.8% | +5.5% | -5.2% | |
| Q3 2022 | -3.1% | +1.7% | +7.7% | |
| Q2 2022 | +2.3% | +2.3% | -4.8% | |
| Q1 2022 | -6.5% | -8.8% | -11.2% | |
| Q4 2021 | -2.2% | -2.0% | -1.7% | |
| Q3 2021 | -2.1% | -4.0% | -3.6% | |
| Q2 2021 | +9.6% | +6.7% | +10.2% | |
| Q1 2021 | +0.0% | -3.1% | +0.3% | |
| Q4 2020 | -2.1% | -2.5% | -1.0% | |
| Q3 2020 | -1.0% | +5.4% | +17.9% | |
| Q2 2020 | +5.7% | +6.9% | +7.3% | |
| Q1 2020 | +37.1% | +32.6% | +56.3% | |
| Q4 2019 | +10.6% | +8.2% | -20.3% | |
| Q3 2019 | +7.7% | +7.3% | +6.3% | |
| Q2 2019 | +11.8% | +12.3% | +16.4% | |
| Q1 2019 | +5.6% | +5.4% | +6.5% | |
| Q4 2018 | -3.8% | -6.8% | -16.1% | |
| Q3 2018 | -11.6% | -2.0% | -13.0% | |
| Q2 2018 | -8.6% | -5.7% | -7.2% | |
| Q1 2018 | +8.3% | +6.4% | +12.2% | |
| Q4 2017 | +8.7% | +10.4% | +7.8% | |
| Q3 2017 | +23.7% | +20.4% | +28.2% | |
| Q2 2017 | -11.5% | -17.7% | -26.8% | |
| Q1 2017 | +10.1% | +11.0% | +12.0% | |
| Q4 2016 | -14.2% | -17.2% | -21.1% | |
| Q3 2016 | -12.6% | +0.3% | +20.1% | |
| Q2 2016 | +6.8% | +0.7% | +20.7% | |
| Q1 2016 | -20.7% | — | — | |
| Q4 2015 | -15.9% | — | — | |
| Q3 2015 | -14.1% | — | — | |
| Q2 2015 | -10.0% | — | — | |
| Q1 2015 | +5.9% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | -6.2% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +16.7% | — | — | |
| Q3 2013 | -6.2% | — | — | |
| Q2 2013 | +5.6% | — | — | |
| Q1 2013 | +7.3% | — | — | |
| Q4 2012 | +6.9% | — | — | |
| Q3 2012 | +4.4% | — | — | |
| Q2 2012 | +18.0% | — | — | |
| Q1 2012 | +10.5% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q1 2010 | -11.0% | — | — | |
| Q2 2011 | -11.0% | — | — | |
| Q1 2011 | +1.7% | — | — | |
| Q4 2008 | +0.4% | — | — | |
| Q4 2010 | +0.4% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q2 2010 | -1.0% | — | — | |
| Q2 2009 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — |
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