PayPal Holdings Inc (PYPL)
PayPal Lifts Outlook and Stock Buybacks on Transactions
PayPal Holdings (PYPL) shares shot higher Tuesday after the electronic payment service posted better-than-anticipated results and boosted both its guidance and stock buybacks on strong transaction gains.
PayPal exceeds Q2 expectations with strong revenue and EPS growth
PayPal Holdings Inc (NASDAQ:PYPL, ETR:2PP) reported strong financial results for the second quarter of fiscal year 2024, surpassing market expectations with significant increases in both revenue and earnings per share (EPS). Total payment volume grew 11% year-over-year on a foreign exchange-neutral basis, reaching $417 billion.
Compared to Estimates, Paypal (PYPL) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Paypal (PYPL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
PayPal Stock Eyes Best Day in Years on Beat-and-Raise
PayPal Holdings Inc (NASDAQ:PYPL) stock is up 8.8% at $64.13 at last glance, headed for its best day since November 2022, after the company's better-than-expected second-quarter results and positive 2024 forecast.
PayPal's Earnings Report Makes Me Even More Bullish
Execution is key; the stock will eventually follow.
Paypal (PYPL) Q2 Earnings and Revenues Top Estimates
Paypal (PYPL) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.16 per share a year ago.
Here's why PayPal stock is surging
After posting an impressive beat in its Q2 earnings report, PayPal (NASDAQ: PYPL) stock has surged 7.06% in the pre-market trading.
Wall Street Analysts Believe Paypal (PYPL) Could Rally 27.17%: Here's is How to Trade
The mean of analysts' price targets for Paypal (PYPL) points to a 27.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
3 Reasons to Buy PayPal Stock Like There's No Tomorrow
PayPal has a strong balance sheet and rakes in billions of free cash flow. As a two-sided platform, PayPal benefits from network effects.
Should Investors Buy PayPal Stock Before July 30?
PayPal has already increased profit expectations for 2024, and it's reasonable to expect it to do so again on July 30.
PayPal Q2 Preview: Apple's Not A Threat
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 stock price: buy or sell ahead of earnings?
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.
