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Encore Capital Group: Q4 Earnings Snapshot

By AP News - Feb 23, 2023, 05:12 AM ET

Last Updated - Jun 22, 2023, 08:07 PM EDT

Encore Capital Group: Q4 Earnings Snapshot

SAN DIEGO (AP) — SAN DIEGO (AP) — Encore Capital Group Inc. (ECPG) on Wednesday reported a fourth-quarter loss of $73.1 million, after reporting a profit in the same period a year earlier.

The San Diego-based company said it had a loss of $3.11 per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The provider of debt-management and recovery services posted revenue of $234 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $319.8 million.

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