From Nasdaq:

PayPal Holdings is set to report its fourth-quarter 2023 results on Feb 7. The company projects year-over-year revenue growth of 6-7% and earnings at $1.36 per share. Although the company has an Earnings ESP of -0.59%, strong product portfolio, and Venmo monetization, active customer accounts suggest growth.

Factors that could boost PayPal’s growth are its buy now pay later solution, Venmo monetization, and core peer-to-peer payments. However, the challenging macroeconomic scenario might have hurt consumers’ spending patterns. The Zacks Consensus Estimate for TPV is pegged at $403.53 billion, indicating 12.9% year-over-year growth.

The company’s robust product offerings are expected to reflect in its Q4 results. However, the challenging macroeconomic scenario might have hurt consumer spending patterns. PayPal has an Earnings ESP of -0.59% and holds a Zacks Rank #3. BlackLine, Expedia, and Twilio also have strong Earnings ESP and Zacks Rank, making them worth considering alongside other PayPal competitors in the industry.



Read more: PayPal (PYPL) to Post Q4 Earnings: What’s in the Offing?