Paysafe Ltd reports results for the quarter ended in June - Earnings Summary

Paysafe

13/08/2024 14:51

* Paysafe Ltd  PSFE.N  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from 2 cents to 15 cents per share.
    * Revenue rose 9.3% to $439.92 million from a year ago;
analysts
expected $425.34 million. 
    * Paysafe Ltd's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $1.43 million.
    * Paysafe Ltd shares had risen by 9.5% this quarter and
gained 51.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 24.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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
$17.25 
This summary was machine generated from LSEG data August 13 at
01:51 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
 Jun. 30 2024      0.07           -0.02          Missed
 Mar. 31 2024      0.10           0.05           Missed
 Dec. 31 2023      0.16           -0.20          Missed
 Sep. 30 2023      0.05           -0.04          Missed