Paysign Inc reports results for the quarter ended in June - Earnings Summary

Paysign

31/07/2024 22:53

* Paysign Inc  PAYS.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of three analysts for
the quarter was for earnings of one cent per share. 
    * Revenue rose 29.8% to $14.33 million from a year ago;
analysts
expected $14.00 million. 
    * Paysign Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $697
thousand.
    * Paysign Inc shares had risen by 21.1% this quarter and
gained 86.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 49.9%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is  "buy."

Wall Street's median 12-month price target for Paysign Inc is
$6.00 
This summary was machine generated from LSEG data July 31 at
09:53 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      0.01           0.01           Met
 Mar. 31 2024      0.00           0.01           Beat
 Dec. 31 2023      0.02           0.03           Beat
 Sep. 30 2023      0.01           0.02           Beat