Earnings Preview For Paysafe
Portfolio Pulse from Benzinga Insights
Paysafe (NYSE:PSFE) is scheduled to release its quarterly earnings report on March 7, 2024, with an estimated EPS of $0.16. Historical data shows that despite beating EPS estimates in previous quarters, Paysafe's stock price often dropped the following day. Over the last year, PSFE shares have declined by 31.67%, indicating potential concern among long-term investors ahead of the earnings announcement.
March 06, 2024 | 5:01 pm
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NEGATIVE IMPACT
Paysafe is expected to report an EPS of $0.16 for the upcoming quarter. Historical performance shows a trend of stock price decline following earnings announcements, despite beating EPS estimates. Shares have decreased by 31.67% over the past year.
The analysis is based on the historical trend of Paysafe's stock price declining following earnings announcements, despite beating EPS estimates. The significant yearly decline in share price further supports the expectation of a negative short-term impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100