Company News: PayPal (PYPL) quarterly results beat analysts’ estimates

Market news

6 May 2021

Company News: PayPal (PYPL) quarterly results beat analysts’ estimates

PayPal (PYPL) reported Q1 FY 2021 earnings of $1.22 per share (versus $0.66 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.01 per share.

The company’s quarterly revenues amounted to $6.033 bln (+30.6% y/y), beating analysts’ consensus estimate of $5.895 bln.

The company also issued upside guidance for Q2 FY 2021, projecting EPS of ~$1.12 versus analysts’ consensus estimate of $1.10 and revenues of ~$6.25 bln versus analysts’ consensus estimate of $6.17 bln.

For the full FY 2021, PayPal guided EPS of ~$4.70 versus analysts’ consensus estimate of $4.56 and revenues of ~$25.75 bln versus analysts’ consensus estimate of $25.69 bln.

PYPL rose to $257.90 (+4.24%) in pre-market trading.

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