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

Flywire

08/05/2024 14:13

* Flywire Corp  FLYW.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -7 cents to 3 cents per share.
    * Revenue rose 20.9% to $114.10 million from a year ago;
analysts
expected $109.90 million. 
    * Flywire Corp's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $6.22 million.
    * Flywire Corp shares had fallen by 17.2% this quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 104.6% 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 15 "strong buy" or "buy," 2
"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 May 8 at 01:12
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
 Mar. 31 2024      -0.02          -0.05          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