With its transaction growth rates slowing and less than expected revenue guidance for the balance of the year, PayPal focused on its repositioning from peer-to-peer pioneer to two-sided payments technology platform in its Q3 earnings call Tuesday (Oct. 29).
PayPal Holdings (PYPL) shares slumped Tuesday after the payment services provider missed third-quarter sales estimates and gave weak guidance as the company moves ahead with its "price-to-value" strategy.
JP Morgan analyst Tien-tsin Huang maintained an Overweight rating on PayPal Holdings, Inc PYPL.
PayPal stock is up 36% this year.
PayPal Holdings, Inc. (NASDAQ:PYPL ) Q3 2024 Earnings Conference Call October 29, 2024 8:00 AM ET Company Participants Steve Winoker - Chief Investor Relations Officer Alex Chriss - President & CEO Jamie Miller - EVP & CFO Conference Call Participants Darrin Peller - Wolfe Research Tien-Tsin Huang - JP Morgan Ramsey El-Assal - Barclays Jason Kupferberg - Bank of America Dan Dolev - Mizuho Timothy Chiodo - UBS James Faucette - Morgan Stanley Harshita Rawat - Bernstein Trevor Williams - Jefferies Bryan Keane - Deutsche Bank Andrew Schmidt - Citi Operator Good morning, and welcome to PayPal's Third Quarter 2024 Earnings Conference Call. My name is Sarah, and I will be your conference operator today.
While the top- and bottom-line numbers for Paypal (PYPL) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PayPal Holdings Inc (NASDAQ:PYPL) and SoFi Technologies Inc (NASDAQ:SOFI) are fresh out of the earnings confessional.
Paypal (PYPL) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.30 per share a year ago.
The fintech beats quarterly earnings estimates and boosts a financial forecast for the fiscal year.
PayPal Holdings Inc (NASDAQ:PYPL, ETR:2PP) shares fell over 6% in pre-market trading on Tuesday after results showed third-quarter earnings topped expectations but revenue underwhelmed. Per-share adjusted earnings came in at $1.20 for the three months to September, PayPal said on Tuesday, against LSEG-compiled consensus estimates of $1.07.
PayPal earnings for Q3 beat estimates. PayPal stock fell as Q4 revenue guidance missed amid pricing initiatives at mobile subsidiary Braintree.
PayPal's fourth-quarter revenue view came in below expectations. The company said it's focusing on “profitable growth.