PayPal Q3 Earnings Preview: Cautious Optimism Prevails
Portfolio Pulse from Surbhi Jain
PayPal Holdings Inc (NASDAQ:PYPL) is set to report its Q3 earnings after market close on Wednesday. Analysts will be closely watching operational performance and metrics, including non-transaction operating expenditure. The company's foray into crypto adds another layer of uncertainty. Merchant growth seems to be stalling due to increased competition. For Q3, analysts expect PayPal to report $1.16 in EPS and $6.96 billion in revenue. The stock is down 13% over the past month.
November 01, 2023 | 5:25 pm
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PayPal's Q3 earnings report is highly anticipated. The company's operational performance, crypto involvement, and stalling merchant growth due to competition are key areas of focus. The stock has seen a 13% decline over the past month.
The upcoming earnings report, coupled with concerns about operational performance, crypto involvement, and increased competition, are likely to impact PayPal's stock. The recent 13% decline in the stock price indicates market uncertainty.
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