BUZZ - Jefferson Capital shares rise on better-than-expected Q3 results

November 13 - ** Shares of consumer debt collection company Jefferson Capital (JCAP.O) rose 5.3% in early trading to $20.5

** According to data compiled by London Stock Exchange Group (LSEG), the Minneapolis, Minnesota-based company reported adjusted earnings per share of $0.83 for the third quarter, above analysts’ expectations of $0.72

** The report shows third quarter revenue of $185.5 million, exceeding analysts’ forecast of $174.81 million

** The company stated its performance was mainly driven by a record $319 million in collections, a 35% increase from the same period last year, thanks to sustained strong returns from portfolios deployed between 2024 and 2026 (link)

** All seven brokerages covering the stock gave a “buy” or higher rating, with a median price target of $29

** The stock has accumulated an 8.2% decline year-to-date, including today’s movement

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