Paysafe Ltd reports results for the quarter - Earnings Summary

Paysafe

13/11/2024 15:26

* Paysafe Ltd  PSFE.N  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter , lower than the same quarter
last year, when the company reported EPS of -4 cents.  The mean
expectation of seven analysts for the quarter was for earnings
of 2 cents per share. Wall Street expected results to range from
-4 cents to 5 cents per share.
    * Revenue rose 7.7% to $427.10 million from a year ago;
analysts
expected $423.10 million. 
    * Paysafe Ltd's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $12.98 million.
    * Paysafe Ltd shares had risen by 13.6% this quarter and
gained 99.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 70.4%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "hold"

Wall Street's median 12-month price target for Paysafe Ltd is
22.50 
This summary was machine generated from LSEG data November 13 at
03:25 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      0.02           -0.21          Missed
 Jun. 30 2024      0.07           -0.02          Missed
 Mar. 31 2024      0.10           0.05           Missed
 Dec. 31 2023      0.16           -0.20          Missed