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PRA Group's Q1 Earnings Miss Estimates on Rising Legal Collection Costs
PRAAPRA (PRAA) ZACKS·2025-05-09 01:40

Shares of PRA Group, Inc. (PRAA) declined 30.8% since it reported first-quarter 2025 results on May 5. The quarterly results suffered due to rising operating costs attributed to higher legal collection costs and fees. A 60.2% plunge in other revenues also hurt the results. Nevertheless, the downside was partly offset by improved cash collections and higher portfolio income.PRAA reported earnings per share of nine cents, which lagged the Zacks Consensus Estimate by 78.1%. The bottom line remained flat year o ...