Encore Capital Group

Encore Capital Group, Inc. engages in the provision of debt management and recovery solutions for consumers and property owners across a broad range of financial assets. It operates through the following geographical segments: United States, International, Europe, and Other. The company was founded in April 1999 and is headquartered in San Diego, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Encore Capital Group reports resilient 2022 earnings amidst market challenges

Encore Capital Group's 2022 performance showcased resilience amid challenges, with a focus on strategic growth and financial stability.
While facing headwinds in Europe, the company's strong balance sheet and U.S. market opportunities position it for sustained success.
Management's commitment to financial priorities and disciplined growth underscores a proactive approach to navigating evolving market conditions.

Encore Capital Group sees strong Q1 collections, eyes cash growth

Encore Capital Group's Q1 performance reflects a return to pre-pandemic levels in collections, with a focus on maintaining a strong balance sheet and seizing market opportunities.
Despite challenges like lower Cabot collections and interest rate impacts, the company remains committed to aiding consumers in debt resolution and achieving financial freedom.
Opportunities lie in anticipated growth in cash generation, leveraging market supply acceleration, and a disciplined approach to portfolio purchasing and collections operations.
Management's emphasis on adapting to changing consumer behavior and market dynamics positions Encore well for future profitability and a continued role in the credit ecosystem.

Encore Capital Group reports robust Q2 performance and strategic focus

Encore Capital Group's Q2 2023 Earnings Call highlighted strong performance in the U.S. market, steady collections in Europe, and a focus on maintaining financial strength and seizing growth opportunities. The company faces challenges in managing legal expenses and enhancing market competitiveness but has opportunities to leverage portfolio supply for future growth.

Encore Capital Group reports strong U.S. performance amidst U.K. challenges

Encore Capital Group's Q3 performance showcased strong U.S. purchasing, global collections meeting expectations, and enhanced liquidity through financing activities. Despite challenges in the U.K. and Europe, the company's focus on balance sheet strength and competitive advantages positions it well for future growth. Strategic staff additions and a disciplined approach to portfolio purchasing highlight opportunities for capitalizing on the current credit cycle.

Encore Capital Group reports strong 2023 performance and eyes U.S. growth

Encore Capital Group's 2023 performance showcased strength in the U.S. market, with a focus on high returns and effective collections operations.
Despite challenges in the U.K. and Europe, the company remains committed to long-term shareholder value through prioritized portfolio purchases.
Opportunities lie in the U.S. market for growth and differentiation, with a cautious approach to deployment and a focus on post-pandemic consumer behavior.
Encore's emphasis on balance sheet strength, funding flexibility, and differentiation sets the stage for a potentially transformative 2024.

Encore Capital Group excels in Q1, eyes U.S. growth amid challenges

Encore Capital Group's Q1 performance reflects operational strength and financial resilience, driven by strategic U.S. market focus and global collections growth.
Challenges in Europe and legal expense management require attention, while opportunities in digital engagement and U.S. market deployment offer avenues for growth.
Overall, the company's commitment to shareholder value, operational excellence, and financial prudence sets the stage for a promising 2024 outlook.

Encore Capital Group reports stellar Q3 earnings and raises guidance

Encore Capital Group's Q3 2024 earnings call highlighted robust financial performance, strengthened balance sheet, and strategic capital allocation priorities. Despite challenges in the U.K. market, the company remains well-positioned for growth with increased global portfolio purchases and raised future guidance.

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Encore Capital Group, Inc. is an international specialty finance company, which engages in the provision of debt recovery solutions. It operates through the following geographical segments: United States, Europe, and Other Geographies. The company was founded in 1999 and is headquartered in San Diego, CA.

ECPG's third-quarter earnings suffer from rising operating expenses and the competitive environment in the U.K. Improved portfolio purchasing in the United States partially offset the negatives.

Encore Capital Q3 Earnings Miss Estimates on Lower Purchases by Cabot

Call Start: 17:00 January 1, 0000 5:37 PM ET Encore Capital Group, Inc. (NASDAQ:ECPG ) Q3 2024 Earnings Call November 6, 2024 17:00 ET Company Participants Bruce Thomas - Vice President, Global Investor Relations Ashish Masih - President and Chief Executive Officer Jonathan Clark - Executive Vice President and Chief Financial Officer Ryan Bell - President, Midland Credit Management Tomas Hernanz - Chief Financial Officer, Cabot Credit Management Conference Call Participants Mark Hughes - Truist Securities Mike Grondahl - Northland Robert Dodd - Raymond James Operator Good day and thank you for standing by. Welcome to the Encore Capital Group's Third Quarter 2024 Earnings Conference Call.

Encore Capital Group, Inc. (ECPG) Q3 2024 Earnings Call Transcript

Encore Capital Group (ECPG) came out with quarterly earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $0.79 per share a year ago.

Encore Capital Group (ECPG) Misses Q3 Earnings Estimates

SAN DIEGO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the third quarter 2024 on Wednesday, November 6, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce Third Quarter 2024 Financial Results on November 6

Encore Capital (ECPG) expects interest expenses at $250 million for 2024 due to bond refinancing.

Encore Capital (ECPG) Shares Rise 11.4% Since Q2 Earnings Beat

Encore Capital Group (ECPG) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.26 per share. This compares to earnings of $1.08 per share a year ago.

Encore Capital Group (ECPG) Surpasses Q2 Earnings and Revenue Estimates

SAN DIEGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the second quarter ended June 30, 2024.

Encore Capital Group Announces Second Quarter 2024 Financial Results

SAN DIEGO, July 17, 2024 (GLOBE NEWSWIRE) --  Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the second quarter 2024 on Wednesday, August 7, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce Second Quarter 2024 Financial Results on August 7

SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced the pricing of its offering of $500.0 million aggregate principal amount of 8.500% senior secured notes due 2030 (the “notes”), which was upsized by $100.0 million from $400.0 million, at an issue price of 100.000% in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).

Encore Capital Group, Inc. Announces Pricing of Upsized Senior Secured Notes Offering

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SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq: ECPG) (the “Company”) today announced its intention to offer, subject to market and other conditions, $400.0 million aggregate principal amount of senior secured notes due 2030 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons (within the meaning of Regulation S under the Securities Act).

Encore Capital Group, Inc. Announces Proposed Senior Secured Notes Offering

Encore Capital (ECPG) reaffirms its previous guidance for collections to grow by approximately 8% to $2 billion in 2024.

Encore Capital's (ECPG) Shares Up 11.2% Since Q1 Earnings Beat

Encore Capital Group, Inc. (NASDAQ:ECPG ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Bruce Thomas - Vice President, Global Investor Relations Ashish Masih - President & CEO Jonathan Clark - EVP & CFO Conference Call Participants John Rowan - Janney Montgomery Scott Mark Hughes - Truist Securities Mike Grondahl - Northland Securities Robert Dodd - Raymond James Operator Good day, folks, and thank you for standing by. Welcome to the Encore Capital Group's First Quarter 2024 Earnings Conference Call.

Encore Capital Group, Inc. (ECPG) Q1 2024 Earnings Call Transcript

Encore Capital Group (ECPG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.94 per share a year ago.

Encore Capital Group (ECPG) Beats Q1 Earnings Estimates

SAN DIEGO, May 08, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the first quarter ended March 31, 2024.

Encore Capital Group Announces First Quarter 2024 Financial Results

Encore Capital's (ECPG) first-quarter 2024 results are likely to reflect higher global collections and revenues from receivable portfolios.

Spotlight on Encore Capital's (ECPG) Q1 Earnings Drivers

SAN DIEGO, April 23, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today announced that it has established a partnership with Junior Achievement USA, the nation's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for the future, and make smart academic and economic choices. This partnership expands on Encore's current relationship with the San Diego Chapter of Junior Achievement.

Encore Capital Group Expands Junior Achievement Partnership in the United States to Empower Youth Through Financial Education

SAN DIEGO, April 17, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that it will release its financial results for the first quarter 2024 on Wednesday, May 8, 2024, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time with Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, presenting and discussing the reported results.

Encore Capital Group to Announce First Quarter 2024 Financial Results on May 8

SAN DIEGO, March 01, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (Nasdaq:ECPG), an international specialty finance company, announced today that Ashish Masih, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief Financial Officer, and Bruce Thomas, Vice President, Global Investor Relations, will be meeting with investors at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024. In addition, Mr. Masih will be making a presentation at the conference at 7:30am Eastern time on the same day. A link to the live webcast and a copy of the presentation will be available in the Investor Events & Presentations section of the company's website at encorecapital.com/investor-events-presentations.

Encore Capital Group to Present and Meet with Investors at the Raymond James 45th Annual Institutional Investors Conference

Encore Capital Group's stock slumped 10% following its earnings release, despite its moderate financial condition, operational quality, and competitive advantage among its peers. Fundamentals, driven by strong loan supply, have surpassed pre-Covid levels and continue to improve towards levels not seen since the great financial crisis. The company's profitability allows it to capitalise on the favourable fundamental environment, while its competitors are challenged by high costs of capital.

Encore Capital Group: Debt Collector Slumps After Earnings Despite Solid Financial Position And Favorable Fundamentals (Speculative Buy)

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Encore Capital (ECPG) expects collections to grow by approximately 8% to $2 billion in 2024.

Encore Capital's (ECPG) Q4 Earnings Beat on Higher Collections

Encore Capital Group, Inc. (ECPG) Q4 2023 Earnings Call Transcript

Encore Capital Group (ECPG) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to loss of $3.11 per share a year ago.

Encore Capital Group (ECPG) Q4 Earnings Beat Estimates

SAN DIEGO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Encore Capital Group, Inc. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the fourth quarter and full year ended December 31, 2023.

News for Encore Capital Group Stock (ECPG)