Sezzle shares surged 17.5% in premarket trading as the technology-enabled payments company said it expects to exceed its fiscal 2024 revenue and income guidance provided in conjunction with its Q3 earnings release.
“Exceptional holiday demand and the effective execution of our strategic initiatives fueled our fourth-quarter outperformance, and gives us confidence that we will exceed our prior 2024 guidance,” said Sezzle Chairman and CEO Charlie Youakim.
The company sees 2024 total revenue jumping more than the prior 55% guidance, from 2023's $159.4M. That implies more than $247.1M, compared with the $249.2M consensus estimate.
Adjusted earnings per share is also expected to exceed the previous $9.80 target in 2024, vs. $9.77 consensus and 2023's $0.99.
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