Encore Capital Group Announces Third Quarter 2024 Financial Results
Encore Capital Group Inc (ECPG)
Last encore capital group inc earnings: 2/26 04:05 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
Highly favorable purchasing conditions continue in U.S. marketGlobal portfolio purchases up 23% to $282 millionGlobal collections up 18% to $550 million GAAP EPS of $1.26 SAN DIEGO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the third quarter ended September 30, 2024. “Encore’s strong third quarter performance was largely driven by our MCM (Midland Credit Management) business in the U.S.,” said Ashish Masih, President and Chief Executive Officer. “U.S. market supply continues to grow to record levels, driven by the highest U.S. charge off rate in more than 10 years coupled with growth in lending. Amid these favorable market conditions, MCM continues to deliver on this robust opportunity with portfolio purchases of $230 million, up 28% compared to the year ago quarter, while collections in the quarter were at their highest level since 2021.” “For ou
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News
- Encore Capital Group, Inc. (NASDAQ: ECPG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Encore Capital Group, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Encore Capital Group, Inc. (NASDAQ: ECPG) had its price target raised by analysts at JMP Securities from $60.00 to $65.00. They now have a "market outperform" rating on the stock.MarketBeat
- Encore Capital Group Inc (ECPG) Q3 2024 Earnings Call Highlights: Record Portfolio Purchases ... [Yahoo! Finance]Yahoo! Finance
- Encore Capital Group, Inc. (ECPG) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
ECPG
Earnings
- 11/6/24 - Miss
ECPG
Sec Filings
- 11/12/24 - Form SC
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- ECPG's page on the SEC website