Flywire Corp reports results for the quarter ended September 30 - Earnings Summary

• Flywire Corp FLYW.OQ reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to range from 10 cents to 18 cents per share.

• Revenue rose 27.2% to $156.82 million from a year ago; analysts expected $148.80 million.

• Flywire Corp's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $38.9 million.

• Flywire Corp shares had risen by 11.7% this quarter and lost 21.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "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 Flywire Corp is 23.50

This summary was machine generated from LSEG data November 8 at 09:04 p.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)