Priority Technology Holdings Inc reports results for the quarter ended in June - Earnings Summary
08/08/2024 14:31
* Priority Technology Holdings Inc PRTH.OQ reported a
quarterly
adjusted loss of 23 cents per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of -16 cents. The mean expectation of
four analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -8 cents to -4
cents per share.
* Revenue rose 20.6% to $219.87 million from a year ago;
analysts
expected $216.61 million.
* The company reported a quarterly loss of $3.51 million.
* Priority Technology Holdings Inc shares had fallen by 4.2%
this
quarter and gained 42.1% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 11.1%
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 August 8 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
Jun. 30 2024 -0.06 -0.23 Missed
Mar. 31 2024 -0.09 -0.10 Missed
Dec. 31 2023 -0.10 -0.12 Missed
Sep. 30 2023 -0.14 -0.16 Missed