![]() ![]() Tencent Music is scheduled to release third-quarter 2022 results on Nov 15. TTD’s long-term earnings growth rate is currently projected at 24%. TTD has lost 46.3% in the year-to-date period. The Zacks Consensus Estimate for TTD’s earnings is pegged at 24 cents per share, suggesting an increase of 33.3% from the prior-year quarter’s reported figure. The Trade Desk is scheduled to release third-quarter 2022 results on Nov 9. Its long-term earnings growth rate is currently projected at 20%. USFD has lost 17.4% in the year-to-date period. The Zacks Consensus Estimate for USFD’s earnings is pegged at 59 cents per share, suggesting an increase of 22.9% from the prior-year period’s reported figure. US Foods is set to report third-quarter 2022 results on Nov 10. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like US Foods USFD, The Trade Desk TTD and Tencent Music Entertainment Group TME, each carrying a Zacks Rank #2 (Buy) at present. Zacks Rank and Stocks to ConsiderĬurrently, PayPal carries a Zacks Rank #3 (Hold). TPV for 2022 is likely to exhibit growth of 8.5% on a spot rate basis and 12.5% on a currency-neutral basis. The Zacks Consensus Estimate for the same is pegged at $3.93 per share. Management raised the non-GAAP earnings guidance from $3.87-$3.97 per share to $4.07-$4.09. Previously, management had expected revenues of $27.85 billion, implying growth of 10% on a spot rate and 11% on a currency-neutral basis. The Zacks Consensus Estimate for 2022 revenues is pegged at $27.85 billion. The Zacks Consensus Estimate for earnings is pegged at $1.18 per share.įor 2022, PayPal now projects revenues at $27.5 billion, indicating growth of 8.5% on a spot rate and 10% on a currency-neutral basis. Non-GAAP earnings are expected to be $1.18-$1.20 per share. The Zacks Consensus Estimate for revenues is pegged at $7.74 billion. Guidanceįor fourth-quarter 2022, PayPal projects revenues of $7.375 billion, suggesting growth of 7% on a current spot rate basis from the year-ago quarter’s reported figure and 9% on a currency-neutral basis. PayPal returned $939 million to its shareholders by repurchasing 10 million shares. PYPL generated $1.9 billion cash from operations, up from $1.5 billion in the previous quarter.įree cash flow was $1.8 billion in the reported quarter, up from $1.3 billion in the prior quarter. PayPal had a long-term debt balance of $10.24 billion at the end of the third quarter compared with $10.19 billion at the end of the second quarter. Balance Sheet & Cash FlowĪs of Sep 30, 2022, cash equivalents and investments were $10.8 billion, up from $9.3 billion as of Jun 30, 2022. The non-GAAP operating margin was 22.4%, contracting 140 bps from the year-ago quarter’s level. As a percentage of net revenues, the figure expanded 60 basis points (bps) on a year-over-year basis. PayPal’s operating expenses were $5.7 billion in the third quarter, up 11.5% from the prior-year quarter’s figure. Year-over-year growth in TPV was primarily driven by Venmo, which accounted for $63.6 billion of TPV, rising 6% on a year-over-year basis. Total payment volume (TPV) amounted to $336.97 billion for the reported quarter, reflecting year-over-year growth of 9% on a spot rate basis and 14% on a currency-neutral basis. PYPL’s payment transactions per active account were 50.1 million, which improved 13% from the year-ago quarter’s level. The total number of payment transactions was 5.64 billion, up 15% on a year-over-year basis. ![]() The total number of active accounts was 432 million in the quarter under review. PayPal witnessed year-over-year growth of 4% in total active accounts, with 2.9 million net new active accounts added in the reported quarter. ![]() International revenues were $2.9 billion (42% of net revenues), up 6% from the prior-year quarter’s level. ![]() Other value-added services generated revenues of $612 million (accounting for 9% of net revenues), up 6% year over year.īy Geography: Revenues from the United States totaled $3.98 billion (58% of net revenues), up 14% on a year-over-year basis. Quote Top Line in Detailīy Type: Transaction revenues amounted to $6.23 billion (91% of net revenues), up 11% from the year-ago quarter’s level. price-consensus-eps-surprise-chart | PayPal Holdings, Inc. ![]()
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