PRA Group, Inc.’s PRAA fourth-quarter 2020 earnings per share of 65 cents beat the Zacks Consensus Estimate of 62 cents by 4.8%. Moreover, the bottom line increased 8.3% year over year, primarily owing to an improved top line.Also, revenues of $274 million were up 1.9% from the year-ago quarter, courtesy of the company’s portfolio income. Further, the top line surpassed the Zacks Consensus Estimate by 9.2%.The company’s cash collection of $481.9 million climbed 6% from the year-ago figure on the back of nonlegal collections in the United States and by Core and Insolvency in Europe.PRA Group, Inc. Price, Consensus and EPS Surprise PRA Group, Inc. price-consensus-eps-surprise-chart | PRA Group, Inc. QuoteQuarterly Operational UpdatePRA Group’s fee income of $2.9 million dropped 32% year over year.The company’s portfolio income came in at $233.5 million in the quarter under review compared with income recognized from finance receivables of $262.8 million in the prior-year quarter.Total operating expenses dipped 0.6% over year to $184.6 million, mainly owing to lower legal collection fees.Moreover, the same was offset by a surge in outside fees and services.Business UpdateThe company spent $289.8 million on finance receivables in the quarter under review.Financial Update (as of Dec 31, 2020)The company had total assets worth $4.5 billion, up 0.7% from the level at 2019 end.PRA Group exited the quarter with total equity of $1.3 billion, up 11.9% from the level on Dec 31, 2019.Cash and cash equivalents in the quarter under discussion were $108.6 million, down 9.3% from the level at 2019 end.At the end of the fourth quarter, borrowings decreased 5.2% to $2.6 billion from the number at 2019 end.Full-Year UpdateNet income of the company came in at $3.26 per share, up 73% year over year. This compares favorably with the Zacks Consensus Estimate of $3.22 per share.Total cash collections increased 9% to $2 billion.Total revenues of the company totalled $1.1 billion, up 5% year over year.This compares favourably with the consensus mark of $1.04 billion.Zacks Rank and Performance of Other PlayersPRA Group currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other stocks in the same space that already reported fourth-quarter earnings, the bottom-line results of Mastercard Incorporated MA, American Express Co. AXP, and Discover Financial Services DFS surpassed their respective estimates.Just Released: Zacks’ 7 Best Stocks for TodayExperts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.9% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PRA Group, Inc. (PRAA): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report Mastercard Incorporated (MA): Free Stock Analysis Report Discover Financial Services (DFS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research