Back to top

PayPal (PYPL) Stock Soars on Massive Q3 Earnings & Revenue Beats

Read MoreHide Full Article

PayPal Holdings, Inc. (PYPL - Free Report) just released its third-quarter 2017 financial results, posting earnings of $0.46 per share and revenues of $3.24 billion. Currently, PYPL is a Zacks Rank #1 (Strong Buy) and is up 3.79% to $69.80 per share in after-hours trading shortly after its earnings report was released.

PYPL:

Beat earnings estimates. The company posted earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.44 per share.

Beat revenue estimates. The company saw revenue figures of $3.24 billion, topping our consensus estimate of $3.17 billion.

PayPal’s revenue grew 21% in its third-quarter, while earnings jumped 31%. The company processed a total of $114 billion worth of payments in the quarter, and nearly 35% of the volume came from mobile—which rose 54% year-over-year to $40 billion.

The company’s person-to-person payment volume soared 47% to reach $24 billion. The company’s popular P2P app, Venmo, processed roughly $9 billion in payments, which marked a massive 93% increase.

For its current quarter, PayPal now expects to post earnings between $0.50 per share and $0.52 per share. The company projects full-year EPS to range between $1.86 and $1.88.

"PayPal delivered one of its strongest quarters since becoming an independent company. Putting our customers first in everything we do, enhancing our suite of products and services, and partnering with some of the world's most popular brands are delivering tangible results," PayPal President and CEO Dan Schulman said in a statement.

"In addition to our solid financial performance, we also reported record customer growth with the addition of 8.2 million net new actives. As the world rapidly accelerates to digital payments, we have a tremendous opportunity in front of us."

Here’s a graph that looks at PYPL’s Price, Consensus and EPS Surprise history:

PayPal Holdings, Inc. Price, Consensus and EPS Surprise

PayPal Holdings, Inc. Price, Consensus and EPS Surprise | PayPal Holdings, Inc. Quote

PayPal Holdings, Inc. is a technology platform company. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. It payment platform includes PayPal, PayPal Credit, Venmo and Braintree products. PayPal Holdings, Inc. is based in San Jose, California.

Check back later for our full analysis on PYPL’s earnings report!

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


PayPal Holdings, Inc. (PYPL) - free report >>


More from Zacks Stocks in the News

You May Like