Overview
Priority Technology Q3 revenue grows 6.3% yr/yr, missing analyst expectations
Adjusted EBITDA for Q3 rises 5.7% yr/yr but misses analyst estimates
Adjusted EPS increases 55.6% yr/yr, reflecting strong performance
Outlook
Company forecasts full-year 2025 revenue between $950 mln and $965 mln
Priority expects full-year 2025 adjusted EBITDA between $223 mln and $228 mln
Company anticipates strong growth in Payables and Treasury Solutions segments
Result Drivers
TREASURY SOLUTIONS GROWTH - Co reports 18% revenue growth in Treasury Solutions, contributing to overall performance
PAYABLES SEGMENT EXPANSION - Co notes 14% revenue growth in Payables segment, aiding financial results
OPERATIONAL INITIATIVES - Co highlights launch of residual financing facility and card acquiring in Canada as key operational wins
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$241.44 mln
$251.74 mln (5 Analysts)
Q3 Net Income
$27.59 mln
Q3 Adjusted EBITDA
Miss
$57.76 mln
$58.70 mln (4 Analysts)
Q3 Gross Margin
37.20%
Q3 EBITDA
$44.97 mln
Q3 Gross Profit
$89.77 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for Priority Technology Holdings Inc is $13.00, about 46.6% above its November 5 closing price of $6.94
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nBw4v2JmVa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)