Payoneer Global Reiterated FY23 Revenue $820M-$830M Vs $829.43M Est
Portfolio Pulse from Benzinga Newsdesk
Payoneer Global has reiterated its FY23 revenue guidance of $820M-$830M, which is in line with the estimated $829.43M. The company also expects transaction costs to be around 14.5% of revenue and adjusted EBITDA to be between $195M and $205M.
November 08, 2023 | 12:35 pm
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NEUTRAL IMPACT
Payoneer's FY23 revenue guidance aligns with estimates, which may reassure investors. However, transaction costs as a percentage of revenue could be a concern.
Payoneer's revenue guidance for FY23 is in line with estimates, which could provide some stability for investors. However, the company's projection of transaction costs being around 14.5% of revenue could be a potential concern, as it may impact profitability. This could have a neutral impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100