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JGWPT Holdings sees Q1 Total Receivables Balance $255M-$265M

JGWPT Holdings said on its Q4 earnings conference call that the company's practice is not to provide future guidance, however, since Q1 ended yesterday the company disclosed that it expects its Q1 total receivables balance, or TRB, to be in the range of $255M-$265M. The company added that in the future it expects its earnings calls to be earlier, cautioning that it will not release estimates of or any other metric mid quarter. The company noted it defines TRB as the total of the undiscounted payments purchased from customers during the period, adding that during Q4, as the company expected, total purchases were $260.5M, down from $278.9M in the same quarter of the prior year.