FlexShopper Inc reports results for the quarter ended September 30 - Earnings Summary

FlexShopper

14/11/2024 14:16

* FlexShopper Inc  FPAY.OQ  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -1 cents.  The mean expectation of
three analysts for the quarter was for a loss of 15 cents per
share. Wall Street expected results to range from -33 cents to 2
cents per share.
    * Revenue rose 22.9% to $38.59 million from a year ago;
analysts
expected $35.11 million. 
    * FlexShopper Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $1.19
million.
    * FlexShopper Inc shares had risen by 24.8% this quarter and
lost 23.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for FlexShopper Inc
is $3.25 
This summary was machine generated from LSEG data November 14 at
02:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.15          0.05           Beat
 Jun. 30 2024      -0.18          -0.13          Beat
 Mar. 31 2024      -0.13          -0.06          Beat
 Dec. 31 2023      -0.25          -0.27          Missed