Payoneer Global Inc reports results for the quarter ended in September 30 - Earnings Summary

Payoneer Global

06/11/2024 05:08

* Payoneer Global Inc  PAYO.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 3 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 19.3% to $248.27 million from a year ago;
analysts
expected $225.48 million. 
    * Payoneer Global Inc's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $41.57
million.
    * Payoneer Global Inc shares had risen by 36.8% this
quarter and
gained 97.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.3%
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 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 $12.00 
This summary was machine generated from LSEG data November 6 at
05:08 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
 Sep. 30 2024      0.05           0.11           Beat
 Jun. 30 2024      0.05           0.09           Beat
 Mar. 31 2024      0.05           0.08           Beat
 Dec. 31 2023      0.06           0.07           Beat