The debt buyer reported Q2 GAAP EPS of $3.86, exceeding expectations by $0.85 on $475.41M revenue.
Encore Capital posted second-quarter GAAP earnings per share of $3.86, surpassing estimates by $0.85. Revenue reached $475.41M, beating projections by $29.15M.
Analysts had anticipated earnings closer to $3.01 per share and revenue of $446.26M for the period. The results reflect stronger-than-expected debt collection performance and portfolio growth.
Shares showed limited movement in after-hours trading as investors digested the earnings beat.