Digital payment platform Paymentus (NYSE: PAY) will be reporting earnings this Monday afternoon. Here’s what you need to know.
Paymentus beat analysts’ revenue expectations last quarter, reporting revenues of $330.5 million, up 28.1% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and .
Is Paymentus 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 Paymentus’s revenue to grow 22.4% year on year, slowing from the 48.9% 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. Paymentus has a history of exceeding Wall Street’s expectations.
Looking at Paymentus’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. Euronet Worldwide delivered year-on-year revenue growth of 10.5%, beating analysts’ expectations by 4.3%, and WEX reported revenues up 5.8%, in line with consensus estimates. Euronet Worldwide traded down 4.4% following the results while WEX was also down 16.3%.
Read our full analysis of Euronet Worldwide’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 8.8% on average over the last month. Paymentus is up 9.4% during the same time and is heading into earnings with an average analyst price target of $32.29 (compared to the current share price of $27.74).
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