For its second fiscal quarter (ending June 30), PRA Group Inc (NASDAQ: PRAA) has reported E.P.S. of $0.55 compared to $-0.10 a year ago. Relative to the consensus estimate of $0.05, this was a premium of $0.50. For the latest four quarters through June 30, E.P.S. were $0.11 versus $-0.56 for the same period a year ago.
Recent Price Action
PRA Group Inc (NASDAQ: PRAA) stock declined modestly by -1.6% on 8/5/24. The stock closed at $23.24. Moreover, this decline was accompanied by exceptionally high trading volume at 244% of normal. The stock has performed in line with the market over the last nine months and has declined -9.0% 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 inconsistent signals. PRA Group has a good Appreciation Score of 80 but a neutral Power Rating of 48, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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