PayPal Earnings Preview: Here’s What To Expect

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.TipRanksMay 4, 2021, 2:29 AM·4 min readOops!Something went wrong.Please try again later.

PayPal Holdings (PYPL) is scheduled to report first-quarter 2021 earnings on May 5 after the market closes. Over the past three months, shares of the online payments company have risen 7.1% to its most recent close of $259.09. A strong fiscal performance could send shares on an upward trajectory, so let’s take a closer look at what analysts on the Street are expecting.

Earnings Preview

In the prior quarter, PayPal provided its financial outlook for the first quarter and FY21.

In 1Q, PYPL expects revenues to rise 26% year-on-year excluding foreign currency fluctuations. The company anticipates non-GAAP diluted EPS to increase by around 50% year-on-year.

Analysts are expecting PYPL to report revenues of $5.9 billion, while the Earnings Whisper number, or the Street’s unofficial view on earnings, stands at $1.01 per share.

For FY21, the company has forecast total payment volume (TPV) to rise year-on-year on a percentage...read more...