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

Paysafe

13/05/2024 23:14

* Paysafe Ltd  PSFE.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 10 cents per share. Wall Street expected
results to range from -6 cents to 54 cents per share.
    * Revenue rose 7.7% to $417.74 million from a year ago;
analysts
expected $408.25 million. 
    * Paysafe Ltd's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $3.06
million.
    * Paysafe Ltd shares had fallen by 3.9% this quarter and
gained 18.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40.6%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"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
$14.60 
This summary was machine generated from LSEG data May 13 at
10:14 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      0.10           0.05           Missed
 Dec. 31 2023      0.16           -0.20          Missed
 Sep. 30 2023      0.05           -0.04          Missed
 Jun. 30 2023      0.13           -0.03          Missed