For its first fiscal quarter (ending March 31), PRA Group Inc (NASDAQ: PRAA) has reported E.P.S. of $0.09 compared to $-1.50 a year ago. This performance was $-0.24 short of the consensus estimate of $0.33. E.P.S. were $-0.54 for the latest four quarters through March 31 versus $0.46 for the same period a year ago — a decline of -217%.
Recent Price Action
On 5/6/24, PRA Group Inc (NASDAQ: PRAA) stock increased 1.5%, closing at $25.33. NORMAL trading volume accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PRAA is expected to continue to be a modest Value Builder.
PRA Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. PRA Group has a good Appreciation Score of 76 and a very high Power Rating of 94, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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