Cross-border payment platform Payoneer (NASDAQ: PAYO) will be reporting results this Thursday morning. Here’s what you need to know.
Payoneer beat analysts’ revenue expectations last quarter, reporting revenues of $274.3 million, up 5.2% year on year. It was a softer quarter for the company, with EPS in line with analysts’ estimates.
Is Payoneer a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Payoneer’s revenue to grow 5.2% year on year, slowing from the 9.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Payoneer rarely misses Wall Street’s revenue estimates.
Looking at Payoneer’s peers in the diversified financial services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Donnelley Financial Solutions delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 2.8%, and WEX reported revenues up 12.8%, topping estimates by 3.2%. Donnelley Financial Solutions traded up 25.9% following the results while WEX was down 3.1%.
Read our full analysis of Donnelley Financial Solutions’s results here and WEX’s results here.
There has been positive sentiment among investors in the diversified financial services segment, with share prices up 4.2% on average over the last month. Payoneer’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $7.40 (compared to the current share price of $7.17).
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