PayPal has a strong balance sheet and rakes in billions of free cash flow. As a two-sided platform, PayPal benefits from network effects.
PayPal has already increased profit expectations for 2024, and it's reasonable to expect it to do so again on July 30.
PayPal's stock declined following Apple's WWDC announcements introducing competing BNPL services from Affirm, but market reaction may be misguided. PayPal's recent enhancements, strong financial health, and potential for earnings beat suggest a rebound is possible despite competitive pressures. The recent EU ruling requiring Apple to open their NFC technology to third-party providers could benefit PayPal in Europe, mitigating some risks.
PayPal (PYPL) stock price has underperformed the broader market this year as its troubles have continued. It has dropped by over 5% this year while the Global X Fintech ETF (FINX) has risen by almost 2% while the ARK Fintech Innovation ETF (ARKF) has barely moved.
PayPal's (PYPL) second-quarter results are likely to reflect its portfolio strength and growing momentum across various sizes of businesses.
Beyond analysts' top -and-bottom-line estimates for Paypal (PYPL), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
PayPal stock has taken a hit as its margins have fallen over the past several years. The company looks to turn things around and expand its position in key markets under new CEO Alex Chriss.
A U.K. Treasury department spokesperson said the government will set out plans to regulate "buy now, pay later" plans "shortly." This echoed comments from Tulip Siddiq, the new economic secretary to the U.K. Treasury, to Parliament earlier in the week.
PayPal Holdings is set to release its second-quarter earnings report, with analysts anticipating a slight decrease in EPS. Despite the negative sentiment, we think PayPal's headwinds are priced in, and a quality second-quarter earnings report is likely. PayPal's long-term growth prospects will likely remain intact due to the firm's dominant market share, loyal users, and thriving subsidiaries.
Paypal (PYPL) reachead $59.71 at the closing of the latest trading day, reflecting a -1.74% change compared to its last close.
Paypal (PYPL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
William Blair weighed in on two fintech stocks. It lowered its rating for PayPal but upgraded Block.