Flywire Corp reports results for the quarter ended September 30 - Earnings Summary

Flywire

08/11/2024 21:05

* Flywire Corp  FLYW.OQ  reported quarterly adjusted
earnings of
30 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 8 cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 15 cents per share. Wall Street
expected results to range from 10 cents to 18 cents per share.
    * Revenue rose 27.2% to $156.82 million from a year ago;
analysts
expected $148.80 million. 
    * Flywire Corp's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $38.9
million.
    * Flywire Corp shares had risen by 11.7% this quarter and
lost 21.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 4
"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
23.50 
This summary was machine generated from LSEG data November 8 at
09:04 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                     0.30           
 Jun. 30 2024      -0.10          -0.11          Missed
 Mar. 31 2024      -0.02          -0.05          Missed
 Dec. 31 2023      -0.07          0.01           Beat