Encore Capital Group is back in focus after releasing second quarter earnings, refreshed 2026 earnings guidance, and an update on its long-running share repurchase program. The stock has delivered a 69.77% year-to-date return and a 139.33% one-year total shareholder return from a last close of $94.92, though it declined 5.27% on the day as investors absorbed the new information. An external research upgrade highlighted the earnings outlook, and the most followed narrative on the platform suggests a fair value of $120.38, implying the stock is 21.1% undervalued. That narrative points to estimated remaining collections of approximately $10 billion, which far exceeds the company's market cap of less than $2 billion, and emphasizes Encore Capital Group's dominant industry position and lower purchasing and financing costs.