Flywire Corp reports results for the quarter ended in December - Earnings Summary

Flywire

27/02/2024 23:46

* Flywire Corp  FLYW.OQ  reported quarterly adjusted
earnings of 1
cent​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of seventeen analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -11 cents to -1 cents per share.
    * Revenue rose 37.6% to $100.55 million from a year ago;
analysts
expected $90.61 million. 
    * Flywire Corp's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.29
million.
    * Flywire Corp shares had risen by 4.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
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 17 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Flywire Corp is
$30.00 
This summary was machine generated from LSEG data February 27 at
11:46 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
 Dec. 31 2023      -0.07          0.01           Beat
 Sep. 30 2023      0.10           0.08           Missed
 Jun. 30 2023      -0.14          -0.15          Missed
 Mar. 31 2023      -0.06          -0.03          Beat