Priority Technology Holdings Inc reports results for the quarter ended in March - Earnings Summary
09/05/2024 18:29
* Priority Technology Holdings Inc PRTH.OQ reported a
quarterly
adjusted loss of 10 cents per share for the quarter ended in
March, 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 9 cents per
share. Wall Street expected results to range from -12 cents
to -7 cents per share.
* Revenue rose 11.2% to $205.72 million from a year ago;
analysts
expected $210.14 million.
* The company reported a quarterly loss of $8.05 million.
* Priority Technology Holdings Inc shares had risen by 6.4%
this
quarter and lost 2.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 7.5%
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 $7.50
This summary was machine generated from LSEG data May 9 at 05:29
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 -0.09 -0.10 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