2022-11-24 14:49:56

PRA Group's Return On Capital Employed Insights - PRA Group (NASDAQ:PRAA)

Logo Benzinga
Benzinga
By Benzinga Insights

According to Benzinga Pro, during Q3, PRA Group PRAA earned $27.18 million, a 30.54% increase from the preceding quarter. PRA Group's sales decreased to $244.81 million, a 5.21% change since Q2. In Q2, PRA Group earned $39.14 million, and total sales reached $258.26 million.

What Is Return On Capital Employed?

Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q3, PRA Group posted an ROCE of 0.02%.

It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future.

ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows PRA Group is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth.

Continue read on benzinga.com

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-03 21:44:28
(RTTNews) - PRA Group Inc. (PRAA) announced earnings for third quarter that decreased from last year but beat the Street estimates. The company's earnings...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-10-27 14:39:51
Pulled from Benzinga Pro data, PROG Holdings PRG posted Q3 earnings of $16.00 million, an increase from Q2 of 17.86%. Sales dropped to $625.82 million, a...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-02 14:11:02
Pulled from Benzinga Pro data, Perficient PRFT showed a loss in earnings since Q2, totaling $23.02 million. Sales, on the other hand, increased by 2.19% to...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-10-27 14:45:59
According to Benzinga Pro, during Q3, Frontier Group Holdings ULCC earned $31.00 million, a 138.46% increase from the preceding quarter. Frontier Group...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-16 14:50:31
According to Benzinga Pro, during Q3, MRC Global MRC earned $24.00 million, a 71.43% increase from the preceding quarter. MRC Global also posted a total of...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-01 16:35:49
According to Benzinga Pro, during Q1, ResMed RMD earned $210.48 million, a 7.9% increase from the preceding quarter. ResMed also posted a total of $950.29...

Logo PR Newswire
NORFOLK, Va., Nov. 3, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans,...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-18 14:47:32
According to Benzinga Pro, during Q2, Microchip Technology MCHP earned $546.20 million, a 7.69% increase from the preceding quarter. Microchip Technology...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-18 14:47:02
Benzinga Pro data, Applied Optoelectronics AAOI reported Q3 sales of $56.69 million. Earnings fell to a loss of $15.63 million, resulting in a 8.1% decrease...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-10-31 14:07:15
According to data from Benzinga Pro, during Q3, Impinj 's PI reported sales totaled $68.27 million. Despite a 80.92% increase in earnings, the company posted...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-17 14:49:02
According to Benzinga Pro, during Q3, ConocoPhillips COP earned $4.53 billion, a 12.01% increase from the preceding quarter. ConocoPhillips's sales decreased...

Logo Nasdaq
Business / FinanceBy Rtt News2022-11-08 22:01:33
(RTTNews) - ProAssurance Corp. (PRA) turned to loss in the third quarter. Total revenues also fell 8 percent and came in below the Street view. The company...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-10 13:55:49
According to Benzinga Pro, during Q3, Humana HUM earned $1.19 billion, a 71.16% increase from the preceding quarter. Humana's sales decreased to $22.75...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-09 14:55:20
According to Benzinga Pro, during Q3, Harmony Biosciences HRMY earned $87.94 million, a 273.73% increase from the preceding quarter. Harmony Biosciences also...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-18 14:46:41
According to Benzinga Pro, during Q3, EOG Resources EOG earned $2.85 billion, a 27.52% increase from the preceding quarter. EOG Resources also posted a total...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-07 14:08:34
According to Benzinga Pro, during Q3, MPLX MPLX earned $1.44 billion, a 62.56% increase from the preceding quarter. MPLX also posted a total of $3.40 billion...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-04 13:56:15
According to Benzinga Pro, during Q3, Barnes Gr B earned $16.98 million, a 142.93% increase from the preceding quarter. Barnes Gr's sales decreased to...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-08 14:05:08
Pulled from Benzinga Pro data, Kaman KAMN showed a loss in earnings since Q2, totaling $625 thousand. Sales, on the other hand, increased by 6.99% to $172.00...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-02 14:18:58
Pulled from Benzinga Pro data, Dril-Quip DRQ posted Q3 earnings of $15.21 million, an increase from Q2 of 373.07%. Sales dropped to $88.14 million, a 6.21%...

Logo Benzinga
Business / FinanceBy Benzinga Insights2022-11-07 14:08:37
According to Benzinga Pro, during Q3, AMETEK AME earned $297.64 million, a 5.41% increase from the preceding quarter. AMETEK also posted a total of $1.55...