Payoneer Global Inc reports results for the quarter ended in March - Earnings Summary

Payoneer Global

08/05/2024 15:40

* Payoneer Global Inc  PAYO.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 5 cents per share. Wall
Street expected results to range from 4 cents to 7 cents per
share.
    * Revenue rose 18.8% to $228.18 million from a year ago;
analysts
expected $211.59 million. 
    * Payoneer Global Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $28.97
million.
    * Payoneer Global Inc shares had risen by 7.4% this
quarter and
gained 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," no
"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 Payoneer Global
Inc is $6.50 
This summary was machine generated from LSEG data May 8 at 02:40
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      0.05           0.08           Beat
 Dec. 31 2023      0.06           0.07           Beat
 Sep. 30 2023      0.05           0.03           Missed
 Jun. 30 2023      0.04           0.12           Beat