From Nasdaq: 2024-07-26 12:59:00

PayPal is set to report its Q2 results on July 30, with expectations of reflecting portfolio strength amid market uncertainties and high inflation. Revenues are expected to grow 6.5% on a spot rate basis. Earnings per share are anticipated to rise in the low-double-digit percentage. The company has a history of positive earnings surprises.

PayPal’s Q2 performance is shaped by focus on execution, product integration with Apple, and momentum in small businesses. The company’s cryptocurrency efforts and expanding global footprint are expected to contribute positively. However, market competition remains a concern. Key metrics to watch include active customer accounts, payment transactions, and total payment volume.

PayPal’s shares have declined 6.8% year-to-date, offering a discount opportunity for investors with a forward P/S ratio of 1.79X. The company is seen as a compelling investment in the digital payments industry due to its strong brand, innovative technology, and market adaptability. Long-term growth prospects remain promising amid macroeconomic challenges and competitive landscape.



Read more at Nasdaq: Should You Buy PayPal (PYPL) Stock Ahead of Q2 Earnings?