Priority Technology Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
2024-11-07
  • Priority Technology Holdings Inc PRTH.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of four analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -5 cents to 5 cents per share.

  • Revenue rose 20.1% to $227.05 million from a year ago; analysts expected $222.35 million.

  • Priority Technology Holdings Inc's reported EPS for the quarter was 7 cents​.

  • The company reported quarterly net income of $5.49 million.

  • Priority Technology Holdings Inc shares had fallen by 2.8% this quarter and gained 86.5% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts was unchanged in the last three months.​

  • In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

  • The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Priority Technology Holdings Inc is 8.00

This summary was machine generated from LSEG data November 7 at 05:21 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)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Sep. 30 2024

0.01

0.07

Beat

Jun. 30 2024

-0.06

-0.23

Missed

Mar. 31 2024

-0.09

-0.10

Missed

Dec. 31 2023

-0.10

-0.12

Missed

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