PRA GROUP Reports 11.8% YOY Revenue Decrease in Fiscal Year 2023 Third Quarter
November 21, 2023
🌥️Earnings Overview
On November 6, 2023, PRA GROUP ($NASDAQ:PRAA) reported their earnings results for the third quarter of fiscal year 2023, with total revenue of USD 216.4 million, indicating a year-over-year decline of 11.8%. Net income for the quarter was USD -12.3 million, in contrast to the USD 24.7 million reported in the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of PRA GROUP‘s financials, and the results show that it is strong in assets, medium in profitability, and weak in dividend and growth. According to our analysis, PRA GROUP is classified as an ‘elephant’, meaning that it has a large amount of assets after deducting off liabilities. Investors who are interested in a company with a large asset base and a high health score of 7/10 with regard to its cashflows and debt may be interested in PRA GROUP. This health score shows that the company is capable of sustaining operations through times of crisis. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pra Group. More…
| Total Revenues | Net Income | Net Margin |
| 815.51 | -58.74 | -6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pra Group. More…
| Operations | Investing | Financing |
| -93.27 | -254.54 | 396.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pra Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.33k | 3.14k | 28.43 |
Key Ratios Snapshot
Some of the financial key ratios for Pra Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -8.1% | -48.3% | 2.1% |
| FCF Margin | ROE | ROA |
| -12.0% | 1.0% | 0.3% |
Peers
PRA Group Inc., Enova International Inc., CURO Group Holdings Corp., and Non-Standard Finance PLC are all companies that compete in the debt collection industry. While PRA Group Inc. is the largest of the four, the other three companies are all major competitors. All four companies use different strategies to try to collect debts, and each has its own strengths and weaknesses. Enova International Inc. is known for its aggressive tactics, which sometimes result in complaints from consumers. CURO Group Holdings Corp. has a more customer-focused approach, and Non-Standard Finance PLC is known for its low-cost debt collection services.
– Enova International Inc ($NYSE:ENVA)
Enova International Inc is a provider of online financial services. The company offers a range of services including online lending, point-of-sale financing, and card services. Enova International Inc has a market cap of 1.21B as of 2022. The company has a return on equity of 15.56%. Enova International Inc provides online financial services to consumers and small businesses. The company offers a range of services including online lending, point-of-sale financing, and card services.
– CURO Group Holdings Corp ($NYSE:CURO)
CURO Group Holdings Corp is a holding company that owns and operates a portfolio of consumer finance brands. The company offers a range of financial products and services, including credit cards, personal loans, and lines of credit. CURO Group Holdings Corp has a market cap of 129.96M as of 2022 and a Return on Equity of -13.26%. The company’s primary brands are CURO and OneMain Financial. CURO Group Holdings Corp is headquartered in Wilmington, Delaware.
– Non-Standard Finance PLC ($LSE:NSF)
As of 2022, Non-Standard Finance PLC has a market cap of 1.92M and a Return on Equity of 61.44%. The company is a provider of non-standard personal credit products in the United Kingdom. The company offers unsecured loans, guarantor loans, and secured loans to individuals who may not be able to obtain credit from traditional sources.
Summary
This news caused their stock price to move up on the same day. Investors should be aware that PRA GROUP is facing challenging times and should carefully evaluate the potential risks before investing. The company’s future could depend on whether it is able to turn its business around and deliver improved results in the coming quarters. Analyzing the company’s financial statements and evaluating their performance in the industry can provide investors with a better idea of the investment potential of PRA GROUP.
Related Posts
Recent Posts
