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While the top- and bottom-line numbers for Paypal (PYPL) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Paypal (PYPL) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.17 per share a year ago.
PayPal Holdings, Inc., the American multinational fintech company just released its earnings report today for the first quarter of FY24. The company's Q1 net revenues increased 9% to $7.7 billion.
PayPal Holdings Inc (NASDAQ:PYPL, ETR:2PP)'s revenues increased 9% to $7.7 billion in the first quarter compared to the same period in the previous year. The global online payments processor's statutory earnings per share (EPS) rose by 18% to $0.83, while adjusted EPS increased by 27% to $1.08.
PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter.
PayPal Holdings Inc.'s earnings look a bit different this time around, but they still reflect the company's efforts to cut costs.
PayPal's (PYPL) first-quarter results are expected to reflect gains from its strength in Venmo, checkout experiences and BNPL solutions.
InvestorPlace‘s Omor Ibne Ehsan recommended fintech stocks, which “have been Wall Street's wallflowers for what seems like an eternity now.” I agree 100%, as they can sprout in the right conditions.
PayPal's conservative reset of expectations sets them up for a strong buy, with upcoming earnings expected to surpass initial expectations. The integration of AI and new innovations are expected to revitalize PayPal's core services and increase market appeal. Despite recent challenges, PayPal's new CEO is eager to beat financial forecasts and raise low valuation expectations, making the stock a compelling buy.
PayPal stock is down significantly after being priced at a rich valuation amid the height of the pandemic. Its earnings have rebounded after a challenging 2022, but some concerns remain about its long-term prospects.