Cross-border payment platform Payoneer (NASDAQ:PAYO) will be reporting earnings this Thursday before market open. Here’s what investors should know.
Payoneer missed analysts’ revenue expectations last quarter, reporting revenues of $274.8 million, up 5% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ revenue 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 3.4% year on year, slowing from the 8.1% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to 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 Q1 results, giving us a hint as to what we can expect. Donnelley Financial Solutions delivered year-on-year revenue growth of 2.2%, meeting analysts’ expectations, and Paymentus reported revenues up 30.2%, topping estimates by 6.4%. Paymentus traded down 7.8% following the results.
Read our full analysis of Donnelley Financial Solutions’s results here and Paymentus’s results here.
There has been positive sentiment among investors in the diversified financial services segment, with share prices up 8% 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 $7.50 (compared to the current share price of $4.89).
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