For its third fiscal quarter (ending September 30), PRA Group Inc (NASDAQ: PRAA) has reported a -149% decline in E.P.S. from $0.63 a year ago to $-0.31 in the current quarter. However, this result exceeded the consensus estimate of $-0.38 by $0.07. For the latest four quarters through September 30, E.P.S. were $-1.50 versus $3.34 for the same period a year ago — a decline of -145%.
Recent Price Action
PRA Group Inc (NASDAQ: PRAA) stock enjoyed a large increase of 3.1% on 11/6/23. The stock closed at $14.48. The stock has been extremely weak relative to the market over the last nine months but has risen 15.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, PRAA is expected to be Value Creation neutral.
PRA Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. PRA Group has a very high Appreciation Score of 89 but a very low Power Rating of 1, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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