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Will PayPal surpass its all-time high ahead of Q1 earnings?
PayPal Holdings (NASDAQ: PYPL) is set to report its first quarter 2019 earnings results on April 24 after the market closes. The fintech service firm’s stock hit an all-time high ($109.00) on April 15, Monday. Analysts project PayPal to report earnings of 68 cents per share on revenue of $4.13 billion, which comes at the high end of company’s adjusted EPS outlook range of $0.66 to $0.68 and sales forecast range of $4.08 billion to $4.13 billion.
For the fiscal year 2019, PayPal had projected revenue to come in a range of $17.85 billion to $18.10 billion and adjusted EPS to be in the range of $2.84 and $2.91.
For the fourth quarter of 2018, PayPal reported mixed results. While profit surpassed consensus estimates, revenue narrowly missed the views. Earnings rose 26% year-over-year to 59 cents per share and revenue increased 13% to $4.23 billion. Total payments volume (TPV) surged 23% year-over-year to $164 billion and mobile payments volume jumped 40%, aided by higher mobile engagement on the PayPal platform.
In Q4, net new active accounts spiked nearly 59% to 13.8 million with 2.9 million coming through acquired companies. Active accounts rose 17% to 267 million and payment transactions done by users increased 28% to 2.9 billion.
The San Jose, California-based payments company had surpassed earnings estimates in all the four quarters in the last year. The same upbeat trend is likely to continue in the recently ended quarter. Venmo, PayPal’s P2P social platform, and the recent acquisitions are expected to benefit PayPal.
The strong consumer demand in India, the progress PayPal making in Japan plus the partnership efforts suggest that 2019 is shaping up well for the company. Last week, WSJ reported that Venom is discussing with Synchrony Financial (SYY) to offer its credit card.
eBay (EBAY), parent company of PayPal, will be reporting its quarterly results on Tuesday after the market closes.
PayPal shares, which closed down 0.51% at $106.81, have gained 27% since the beginning of 2019 and 36% in the past 12 months.
iRobot to report Q1 earnings: What’s in store?
Consumer robot company iRobot Corp. (Nasdaq: IRBT) is set to report its first quarter 2019 earnings results Tuesday after market closes. Analysts view the company’s earnings to decline 17% year-over-year to $0.59 per share and revenue to grow 16% to $251.4 million. iRobot stock slid about 1.5% during the midday hours on Monday and ended down 0.7% at $128.73.
iRobot sells its products directly to consumers through on-line stores and indirectly through resellers and distributors. For the last reported quarter, iRobot’s revenue grew 18% annually to $384.7 million. Earnings jumped to $0.88 per share in Q4 from $0.16 per share in the fourth quarter of 2017.
Historically, iRobot had experienced higher revenue in the second half of the year compared to the first half of the year because of seasonal holiday demand. This quarter, investors will be keenly watching on the new product updates from the company and its actions to mitigate the effect of the US/Chinese trade war.
For the fiscal year ended December 29, 2018, sales to non-US customers accounted for 48.7% of total revenue. The Bedford, Massachusetts-based firm outsources its manufacturing of the consumer products to three contract manufacturers, each of which manufactures the robots at a single plant in Southern China.
The ongoing trade war between the US and China has been a major concern for iRobot. The additional 25% tariff on certain goods imported from China has been delayed so far and there have been negotiations going on in this regard between the US and Chinese governments. To mitigate this impact, the company said in Q4 earnings call that one of its contract manufacturers plans to begin partial production outside of China beginning in 2019.
For 2019, iRobot expects revenue to be in the range of $1.28 billion to $1.31 billion, representing a year-over-year growth of 17% to 20%, and EPS of $3.00 to $3.25, excluding discrete items.
iRobot stock, which hit a 52-week high ($132.88) on early March, had gained 54% since the beginning of 2019 and more than doubled in the past 12 months.
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