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

Flywire

07/08/2024 03:08

* Flywire Corp  FLYW.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of seventeen analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -15 cents to -5 cents per share.
    * Revenue rose 22.2% to $103.68 million from a year ago;
analysts
expected $102.83 million. 
    * Flywire Corp's reported EPS for the quarter was a loss
of 11
cents​.
    * The company reported a quarterly loss of $13.88 million.
    * Flywire Corp shares had risen by 9.8% this quarter and
lost 22.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 3
"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
$26.00 
This summary was machine generated from LSEG data August 7 at
02:08 a.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
 Jun. 30 2024      -0.10          -0.11          Missed
 Mar. 31 2024      -0.02          -0.05          Missed
 Dec. 31 2023      -0.07          0.01           Beat
 Sep. 30 2023      0.10           0.08           Missed