Four financial services companies and one financial technology company that reported quarterly earnings during the week between May 4 and May 10 exceeded analyst estimates by more than 20%.
Norfolk, Va.-based PRA Group Inc. reported normalized earnings per share of 47 cents, compared to a mean analyst estimate of 36 cents. On a percentage basis, that was the largest beat among all companies that reported earnings that week. Sutherland Asset Management Corp. Air Lease Corp. and Virtu Financial Inc. exceeded analyst targets by 28.4%, 26.5% and 25.1%, respectively.
On the other hand, New York-based asset manager Medley Capital Corp. reported normalized EPS of 7 cents for the first quarter, half the mean estimate of 14 cents and the largest miss of the group.
Among financial technology companies, Gartner Inc. posted normalized EPS of 72 cents, 23.8% higher than the mean analyst estimate of 58 cents.
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