Payoneer Global Inc reports results for the quarter ended in September 30 - Earnings Summary

• Payoneer Global Inc PAYO.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of ten analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

• Revenue rose 19.3% to $248.27 million from a year ago; analysts expected $225.48 million.

• Payoneer Global Inc's reported EPS for the quarter was 11 cents​.

• The company reported quarterly net income of $41.57 million.

• Payoneer Global Inc shares had risen by 36.8% this quarter and gained 97.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Payoneer Global Inc is $12.00

This summary was machine generated from LSEG data November 6 at 05:08 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)