Stock Track | Encore Capital Plummets 5.1% as 2024 Results Disappoint

Stock Track

Feb 28, 2025

Encore Capital Group (NASDAQ:ECPG) shares plunged 5.1% in pre-market trading on Friday, following the company's disappointing full-year 2024 results that missed expectations on both the top and bottom lines.

The consumer finance company reported revenue of $1.32 billion for 2024, up 7.7% year-over-year, but below analyst estimates by 7.5%. Net loss narrowed by 33% to $139.2 million, but earnings per share of $5.83 loss also missed expectations.

Encore Capital's revenue miss was driven by lower-than-expected performance in its core portfolio purchasing and recovery segment, which contributed the entire $1.32 billion in revenue for the year. On the expense side, higher general and administrative costs weighed on profitability, accounting for 60% of total operating expenses.

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Net loss narrowed by 33% to $139.2 million, but earnings per share of $5.83 loss also missed expectations.</p>\n\n<p>Encore Capital's revenue miss was driven by lower-than-expected performance in its core portfolio purchasing and recovery segment, which contributed the entire $1.32 billion in revenue for the year. On the expense side, higher general and administrative costs weighed on profitability, accounting for 60% of total operating expenses.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ECPG","symbol_name":"安可资本","start_time":0,"source_url":"","article_id":"1181004454","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1181004454","pubTimestamp":1740755901,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Encore Capital Group  shares plunged 5.1% in pre-market trading on Friday, following the company's disappointing full-year 2024 results that missed expectations on both the top and bottom lines.The consumer finance company reported revenue of $1.32 billion for 2024, up 7.7% year-over-year, but below analyst estimates by 7.5%. 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