NASDAQ$PRAA

Pra Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income of $56.0 million, total revenues of $285.6 million, and total cash collections of $543.8 million.

PRA Group reported a strong second quarter with increased total cash collections and revenues. The company's performance in Europe was particularly strong, and portfolio purchases increased on a sequential basis. The Board of Directors approved a $150 million share repurchase program.

  • Total cash collections increased 7% to $543.8 million.
  • Total revenues increased 5% to $285.6 million.
  • Diluted earnings per share were $1.22.
  • Total portfolio purchases of $219.7 million, an increase of $61 million, or 38%, from the first quarter of 2021.

Headline financials

Total Revenue

$286M

Previous: $272M+5.0%
EPS (adj)

$1.22

Previous: $1.26-3.2%
Estimated remaining collections

$6.1B

No prior period
Cash efficiency ratio

66.8%

Previous: 68.7%-2.8%
Capital Expenditures

-$4.1M

Previous: -$10.6M+61.3%
Free Cash Flow

$51.9M

Previous: $47.3M+9.7%
Net Income

$56M

Previous: $57.9M-3.3%
Operating Income

$104M

Previous: $111M-6.3%
Gross Profit

$286M

Previous: $272M+5.0%
Cash & Equivalents

$76M

Previous: $116M-34.3%
Total Assets

$4.26B

Previous: $4.2B+1.5%
Stock-Based Comp

$4.04M

Previous: $3.06M+31.9%

Revenue & EPS history

Pra Group · Revenue · Quarterly

$286M

Q2 2021+5%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Pra Group · $205M total across 2 segments · Q2 2023

  • Portfolio income
    $184M
  • Changes in expected recoveries
    $21.1M

Forward guidance

PRA Group did not provide specific forward guidance in this earnings report.

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 2021

Historical avgQ2 2021

+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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