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Dec 31, 2021
Pra Group Q4 2021 Earnings Report
Reported an increase in net income and diluted earnings per share.
Key Takeaways
PRA Group reported strong Q4 2021 results, with increased net income and diluted earnings per share. Total cash collections were $473.7 million, and total revenues reached $256.9 million. The company also executed significant common stock repurchases.
Total cash collections were $473.7 million.
Total revenues were $256.9 million.
Diluted earnings per share increased 22% to $0.79.
Total portfolio purchases of $201.7 million.
Forward Guidance
PRA Group anticipates a strong European pipeline and increasing pipeline in the U.S. by the end of 2022, supported by its strong balance sheet.
Positive Outlook
- Maximum forward flow commitments were $149 million higher than the commitments entering 2021.
- Believe the European pipeline is strong.
- Economic indicators point to an increasing pipeline in the U.S. by the end of 2022.
- Strong balance sheet will allow capitalization on opportunities.
- Considerable flexibility for balanced capital deployment across portfolio acquisitions, share repurchases and other growth initiatives.
Challenges Ahead
- Increased competition.
- Pricing pressure.
- Decrease in U.S. call center and other cash collections.
- Decrease in Brazil cash collections.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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