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Jefferson Capital Q3 revenue rises, beats estimates

By Reuters News


Overview

  • US debt purchaser's Q3 revenue rose 23% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 is $0.83

  • Company declared a quarterly dividend of $0.24 per share


Outlook

  • Company did not provide specific guidance for future quarters or the full year in press release


Result Drivers

  • PORTFOLIO PURCHASES - Co said record deployments, up 111% yr/yr to $318 mln, drove growth, with triple-digit increases in the US, U.K. and Latin America

  • COLLECTIONS GROWTH - Collections from purchased receivables rose 35% yr/yr to $319.2 mln, including $32.2 mln from the Bluestem portfolio in the US

  • REVENUE DRIVERS - Revenue growth of 23% was primarily due to strong deployments in prior periods, per co


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$185.50 mln

$174.81 mln (7 Analysts)

Q3 Adjusted EPS

$0.83

Q3 EPS

$0.76

Q3 Adjusted Net Income

$51.30 mln

Q3 Adjusted Pretax Profit

$63.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the corporate financial services peer group is "buy"

  • Wall Street's median 12-month price target for Jefferson Capital Inc is $29.00, about 45.4% above its November 11 closing price of $19.94

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 11 - BCP Investment Q3 net investment income falls on elevated portfolio repayments

  • Nov 12 - Chicago Atlantic BDC Inc Q3 net investment income per share falls

  • Nov 9 - Trade Desk Q3 revenue beats analyst estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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