Paysafe stock drops after soft 2024 adjusted EBITDA guidance; Q4 earnings beat [Seeking Alpha]
Paysafe Limited Common Shares (PSFE)
Company Research
Source: Seeking Alpha
The company expects a decline in gross margin as a result of its business mix, but expects to offset that headwind with cost discipline and operational efficiencies, Chief Financial Officer Alex Gersh said during the company conference call. The payment technology company expects full-year 2024 adjusted EBITDA of $473M-$488M, rising from $458.7M it reported for 2023, but less than the $497.6M Visible Alpha consensus. Guidance for 2024 revenue of $1.69B-$1.71B, at its midpoint, lines up with the average analyst estimate of $1.70B and anticipates an increase from $1.60B in 2023. Paysafe's ( PSFE ) Q4 adjusted EPS of $0.66, vs. $0.63 consensus, rose from $0.57 in Q3 and increased from $0.54 in Q4 2022. Total payment volume of $35.8B, vs. the $35.6B Visible Alpha consensus, rose from $35.1B in Q3 and $33.1B in Q4 2022. Q4 revenue of $414.5M, topping the $413.6M consensus, increased from $396.4M in the prior quarter and $383.6M a year ago. Q4 adjusted EBITDA of $121.7M, slightly
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PSFE
News
- Paysafe to Release First Quarter 2024 Earnings Results on May 13 [Yahoo! Finance]Yahoo! Finance
- Paysafe to Release First Quarter 2024 Earnings Results on May 13Business Wire
- Paysafe Limited (NYSE: PSFE) had its price target raised by analysts at Bank of America Co. from $13.40 to $14.60. They now have an "underperform" rating on the stock.MarketBeat
- Paysafe Limited (PSFE) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Paysafe: Operating Momentum Meets Improving Financial Conditions [Seeking Alpha]Seeking Alpha
PSFE
Earnings
- 3/7/24 - Miss
PSFE
Sec Filings
- 4/12/24 - Form 6-K
- 3/20/24 - Form IRANNOTICE
- 3/20/24 - Form 20-F
- PSFE's page on the SEC website