Priority Technology Holdings Inc reports results for the quarter ended in December - Earnings Summary

Priority Technology Holdings

12/03/2024 13:31

* Priority Technology Holdings Inc  PRTH.OQ  reported a
quarterly
adjusted loss of 12 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -15 cents.  The mean expectation of
four analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -12 cents
to -9 cents per share.
    * Revenue rose 12.2% to $199.28 million from a year ago;
analysts
expected $201.84 million. 
    * The company reported quarterly net income of $29.31
million.
    * Priority Technology Holdings Inc shares had fallen
by 12.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Priority
Technology Holdings Inc is $8.00 
This summary was machine generated from LSEG data March 12 at
01:31 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
 Dec. 31 2023      -0.10          -0.12          Missed
 Sep. 30 2023      -0.14          -0.16          Missed
 Jun. 30 2023      -0.12          -0.16          Missed
 Mar. 31 2023      -0.14          -0.15          Missed