PayPal Holdings Q1 2024 Adj EPS $1.08 (Based On New Non-GAAP Methodology) Misses $1.22 Estimate, Sales $7.70B Beat $7.51B Estimate
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings reported its Q1 2024 adjusted EPS at $1.08, missing the estimated $1.22, but surpassed sales expectations with $7.70B against the $7.51B forecast.
April 30, 2024 | 11:34 am
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NEUTRAL IMPACT
PayPal's Q1 2024 earnings report showed a miss on adjusted EPS but exceeded sales forecasts.
The miss on the EPS estimate could negatively impact investor sentiment and potentially the stock price in the short term. However, the beat on sales forecasts indicates strong revenue performance, which could counterbalance the EPS miss to some extent. The mixed results present a neutral outlook, as the positive sales figure may mitigate the negative impact of the EPS miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100