Priority Technology Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary
07/11/2024 17:21
* Priority Technology Holdings Inc PRTH.OQ reported
quarterly
adjusted earnings of 7 cents per share for the quarter ended
September 30, higher 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 earnings of one cent per
share. Wall Street expected results to range from -5 cents to 5
cents per share.
* Revenue rose 20.1% to $227.05 million from a year ago;
analysts
expected $222.35 million.
* Priority Technology Holdings Inc's reported EPS for the
quarter
was 7 cents.
* The company reported quarterly net income of $5.49
million.
* Priority Technology Holdings Inc shares had fallen by 2.8%
this
quarter and gained 86.5% so far this year.
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 November 7 at
05:21 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
Sep. 30 2024 0.01 0.07 Beat
Jun. 30 2024 -0.06 -0.23 Missed
Mar. 31 2024 -0.09 -0.10 Missed
Dec. 31 2023 -0.10 -0.12 Missed