NASDAQ$PRAA

Pra Group Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

PRA Group reported record results driven by strong cash collections and efficient operations.

PRA Group reported a significant increase in net income attributable to PRA Group, Inc. to $57.9 million, compared to $18.6 million in the second quarter of 2019. Diluted earnings per share also saw a substantial rise, reaching $1.26 compared to $0.41 in the same period last year. The company achieved record global cash collections and total revenues, alongside a notable increase in income from operations.

  • Record global cash collections of $509.9 million, an 8% increase year-over-year (11% on a currency adjusted basis).
  • Record total revenues of $271.9 million, an 8% increase year-over-year.
  • Record income from operations of $111.3 million, a 76% increase year-over-year.
  • Net income increased 211% year-over-year.

Headline financials

Total Revenue

$272M

Previous: $252M+7.9%
EPS (adj)

$1.26

Previous: $0.41+207.3%
Cash efficiency ratio

68.7%

Previous: 60.4%+13.7%
Capital Expenditures

-$10.6M

Previous: -$5.65M-87.7%
Free Cash Flow

$47.3M

Previous: $13M+264.7%
Net Income

$57.9M

Previous: $18.6M+211.0%
Operating Income

$111M

Previous: $63.4M+75.6%
Gross Profit

$272M

Previous: $252M+7.9%
Cash & Equivalents

$116M

Previous: $105M+9.7%
Total Assets

$4.2B

Previous: $4.17B+0.8%
Stock-Based Comp

$3.06M

Previous: $2.62M+16.9%

Revenue & EPS history

Pra Group · Revenue · Quarterly

$272M

Q2 2020+7.9%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Pra Group · $269M total across 3 segments · Q2 2020

  • Portfolio income
    $248M
  • Changes in expected recoveries
    $19.8M
  • Other revenue
    $1.19M

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 Q2 2020

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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