Key Observations Ahead Of PayPal's Second-Quarter Results: Preview
Portfolio Pulse from Anusuya Lahiri
PayPal Holdings, Inc (NASDAQ:PYPL) is set to report its Q2 2023 earnings on August 2, 2023, with analysts expecting a rise in earnings per share from $0.93 to $1.06, despite a slight drop in revenue. The company's stock is under pressure due to high inflation, weak employment numbers, and a downgrade of the U.S. credit rating by Fitch. Analysts from Morgan Stanley, BTIG, and Piper Sandler have given mixed ratings and price targets for PYPL. The company recently announced the integration of its Pay Later solution into Microsoft Corp's (NASDAQ:MSFT) platforms in several countries.
August 04, 2023 | 11:52 am
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POSITIVE IMPACT
Microsoft has integrated PayPal's Pay Later solution into its platforms in several countries, offering customers more flexible payment options.
The integration of PayPal's Pay Later solution into Microsoft's platforms could increase customer loyalty and potentially boost Microsoft's revenues.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
PayPal is expected to report increased earnings per share for Q2 2023, but its stock is under pressure due to macroeconomic factors and a U.S. credit rating downgrade. Analysts have given mixed ratings and price targets.
The expected increase in PayPal's earnings per share could have a positive impact on its stock. However, the high inflation, weak employment numbers, and U.S. credit rating downgrade could negatively affect the stock. The mixed analyst ratings and price targets also add uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100