PRA Group (PRAA) Lags Q1 Earnings and Revenue Estimates

Core Insights - PRA Group reported quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of$0.41 per share, representing an earnings surprise of -78.05% [1] - The company posted revenues of $269.62 million for the quarter, missing the Zacks Consensus Estimate by 4.61$255.59 million [2] - PRA Group shares have declined approximately 7.6% since the beginning of the year, underperforming the S&P 500's decline of -3.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of$290.32 million, and for the current fiscal year, it is $2.26 on revenues of$1.17 billion [7] - The estimate revisions trend for PRA Group is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Financial - Miscellaneous Services industry, to which PRA Group belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Upstart Holdings, is expected to report quarterly earnings of $0.19 per share, reflecting a year-over-year change of +161.3% [9]