Paymentus Holdings Q2 2024 Adj. EPS $0.12 Beats $0.09 Estimate, Sales $197.422M Beat $180.569M Estimate
Portfolio Pulse from Benzinga Newsdesk
Paymentus Holdings (NYSE:PAY) reported Q2 2024 adjusted EPS of $0.12, beating the $0.09 estimate by 33.33%. Sales were $197.422M, surpassing the $180.569M estimate by 9.33%. This represents a 50% increase in EPS and a 32.55% increase in sales compared to the same period last year.
August 08, 2024 | 8:28 pm
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POSITIVE IMPACT
Paymentus Holdings reported strong Q2 2024 results with EPS of $0.12 beating estimates by 33.33% and sales of $197.422M beating estimates by 9.33%. This indicates a 50% increase in EPS and a 32.55% increase in sales year-over-year.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact the stock price in the short term. The substantial year-over-year growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100