![digital payments](https://news.alphastreet.com/wp-content/uploads/2020/01/digital-payment-unsplash-1024x682.jpg)
PayPal Holdings Inc. (NASDAQ: PYPL) is slated to report its fourth-quarter 2019 earnings results today after the market closes. Analysts expect the company’s earnings to jump by 20.30% to $0.83 per share and revenue will increase by 16.90% to $4.94 billion.
The stock opened higher on Wednesday but dived to the red territory in the early trade. The shares have risen over 24% in the past year and over 8% in the past three months. In the long term, the stock has shown consistent growth of over 34% in the past two years and over 232% in the past five years.
The shares, which are trading above $115, have remained above the 50-day and 200-day moving average of $111.20 and $107.37, respectively. The majority of the analysts recommended a “buy” rating with an average price target of $129.33. The stock is likely to show big momentum after the earnings report.
The results will be driven by strong transaction and total payment volumes. The company is expected to leverage its operating model and continue expanding its operating margin for the fourth quarter. Mobile continues to be a major driver for growth as consumers are anticipated to use PayPal more as part of their everyday financial life.
![paypal Q3 2019 earnings infographic](https://cdn.news.alphastreet.com/wp-content/uploads/2019/10/paypal-Q3-2019-earnings-infographic-1.jpg)
The top-line growth is likely to narrow due to pricing challenges and currency-related headwinds. However, the company has an edge over its rivals backed by the strong product portfolio and user engagement that could drive the top line higher. The positive economic environment continues to show steady improvement in the business of payment service providers.
For the third quarter, PayPal reported a 6% increase in earnings driven by higher revenue. For full-year 2019, PayPal expects revenue to grow 15% on an FX-neutral basis, to a range of $17.70-17.76 billion, GAAP EPS in the range of $2.03–2.06 and non-GAAP EPS in the range of $3.06–3.08.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%