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Paypal (PYPL) Increases Despite Market Slip: Here's What You Need to Know
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Paypal (PYPL - Free Report) closed the latest trading day at $53.45, indicating a +0.11% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
The technology platform and digital payments company's stock has dropped by 7.76% in the past month, falling short of the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Paypal in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. In that report, analysts expect Paypal to post earnings of $1.22 per share. This would mark year-over-year growth of 12.96%. At the same time, our most recent consensus estimate is projecting a revenue of $7.39 billion, reflecting an 8% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.95 per share and a revenue of $29.67 billion, signifying shifts of +19.85% and +7.81%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Paypal. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. As of now, Paypal holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Paypal has a Forward P/E ratio of 10.79 right now. This expresses a discount compared to the average Forward P/E of 35.87 of its industry.
We can additionally observe that PYPL currently boasts a PEG ratio of 0.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PYPL in the coming trading sessions, be sure to utilize Zacks.com.
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Paypal (PYPL) Increases Despite Market Slip: Here's What You Need to Know
Paypal (PYPL - Free Report) closed the latest trading day at $53.45, indicating a +0.11% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.17%. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.27%.
The technology platform and digital payments company's stock has dropped by 7.76% in the past month, falling short of the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Paypal in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. In that report, analysts expect Paypal to post earnings of $1.22 per share. This would mark year-over-year growth of 12.96%. At the same time, our most recent consensus estimate is projecting a revenue of $7.39 billion, reflecting an 8% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.95 per share and a revenue of $29.67 billion, signifying shifts of +19.85% and +7.81%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Paypal. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. As of now, Paypal holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Paypal has a Forward P/E ratio of 10.79 right now. This expresses a discount compared to the average Forward P/E of 35.87 of its industry.
We can additionally observe that PYPL currently boasts a PEG ratio of 0.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 70, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PYPL in the coming trading sessions, be sure to utilize Zacks.com.