Encore Capital Group Inc (NASDAQ: ECPG) has reported earnings for its first fiscal quarter (ending March 31) of $0.98 versus $0.79 for the same period a year ago — an increase of 24%. However, this result fell short of the consensus estimate of $1.32 by $-0.34. For the latest four quarters through March 31, E.P.S. were $-8.49 versus $1.47 for the same period a year ago — a decline of -678%.
Recent Price Action
Encore Capital Group Inc (NASDAQ: ECPG) stock rose modestly by 0.6% on 5/8/24. The stock closed at $43.24. However, this advance was accompanied by below average trading volume at 82% of normal. The stock has performed in line with the market over the last nine months and has risen 5.2% during the last week.
Current PriceTarget Research Rating
ECPG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Encore Capital Group has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Encore Capital Group has a good Appreciation Score of 83 but a neutral Power Rating of 45, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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