Paysafe Q3 Adj EPS $0.57 Beats $0.07 Estimate, Sales $396.41M Miss $397.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paysafe reported Q3 adjusted EPS of $0.57, significantly surpassing the consensus estimate of $0.07, representing a 714.29% beat. However, their sales of $396.41M slightly missed the estimate of $397.33M by 0.23%. Year-over-year, this reflects an 8.31% increase in sales compared to the same period last year.
November 14, 2023 | 11:57 am
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POSITIVE IMPACT
Paysafe's Q3 earnings beat estimates with an EPS of $0.57, far exceeding the expected $0.07. However, a marginal sales miss could temper investor enthusiasm.
The substantial beat on the EPS estimate is likely to have a positive impact on Paysafe's stock price in the short term, as it indicates much stronger profitability than anticipated. However, the slight miss on revenue may slightly dampen the positive sentiment. The overall impact is expected to be positive due to the significant earnings surprise.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100