Encore Capital Group Full Year 2023 Earnings: Misses Expectations
Encore Capital Group (NASDAQ:ECPG) Full Year 2023 Results
Key Financial Results
Revenue: US$1.22b (down 13% from FY 2022).
Net loss: US$206.5m (down by 206% from US$194.6m profit in FY 2022).
US$8.72 loss per share (down from US$8.06 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Encore Capital Group Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Consumer Finance industry in the US.
Performance of the American Consumer Finance industry.
The company's shares are down 5.6% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Encore Capital Group that you should be aware of before investing here.
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