Portfolio Recovery Associates Earnings: Everything You Must Know Now

Portfolio Recovery Associates Inc. (NASDAQ:PRAA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Portfolio Recovery Associates Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.14% to $2.10 in the quarter versus EPS of $1.54 in the year-earlier quarter.

Revenue: Rose 30.66% to $154.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Portfolio Recovery Associates Inc. reported adjusted EPS income of $2.10 per share. By that measure, the company beat the mean analyst estimate of $1.99. It beat the average revenue estimate of $147.79 million.

Quoting Management: “PRA again reported record operating results in the fourth quarter and for full year 2012, continuing a trend of strong year-over-year growth,” said Steve Fredrickson, chairman, president and chief executive officer, PRA.

Key Stats (on next page)…

Revenue increased 2.51% from $150.52 million in the previous quarter. EPS increased 7.14% from $1.96 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.1 to a profit $2.08. For the current year, the average estimate has moved up from a profit of $7.28 to a profit of $7.29 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)