PayPal (PYPL) Earnings Watch: What to Expect From Last Quarter?

In the fourth quarter of 2020, PayPal (PYPL) tripled its profitability, completing what the company describes as its most profitable quarter ever. This was due to a boost in the adoption of digital payments during the pandemic. More precisely, the company has reported a net profit of 1.57 billion dollars ($1.32 per share), compared to $ 507 million ($43 per share) for the year before.

According to a FactSet poll, PayPal (PYPL) beat the analysts’ expectations of $ 1 earnings per share by $1.08 on a customized basis. Additionally, the company reported $6.12 billion, compared with $4.96 billion the year before, exceeding the $ 6.09 billion revenue forecasted. This quarter marks the first time the e-payment company posted revenue above the six billion-dollar mark.

It also announced that the company had increased the number of active accounts to 377 million. The value of transactions it completed through its platform reached 277 billion dollars from 199.4 billion dollars. According to the company’s preliminary forecasts, revenue growth on a neutral monetary basis averages 26%, with adjusted earnings per share increasing by 50%.

PayPal projects that its revenue will grow by 17% on a neutral monetary basis, and earnings per share will rise by corresponding amounts during the year, while it estimates that it will add 50 million new active accounts.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


PayPal (PYPL) has performed well for the past year. PYPL stock went up by 27.65% in the last six months, while PYPL has surged by 109.78% since the end of last year. PYPL’s quarterly performance is currently 34.16%, and it has gained 8.62% in the last month. This week’s performance is currently reading 9.55%.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Recent Articles

Intel (INTC) Intends to appeal against Court order for Violation of VLSI Tech

In the last quarter, Intel's (INTC) share price rose 29%. On Tuesday, Intel fell 2.6% after Federal Judge Jim Davis ruled the company must...

The Facts You Need to Know about Itron Inc. (ITRI) Moving Forward

Itron, Inc. (NASDAQ: ITRI) released a positive update for the fourth quarter and full-year 2020. This quarter was highlighted by a record portfolio of...

One stock you can’t skip: Bionano Genomics Inc. [BNGO]

Bionano Genomics Inc. (BNGO) stock prices have grown nearly 1,000% in the past 12 months. Despite this, some analysts feel that the shares have...

What the sentiment indicator is Signaling: CEVA Inc (CEVA)

CEVA, Inc. (NASDAQ: CEVA) reported its fourth-quarter report on Tuesday, February 16; the company signed 21 new agreements generating record revenues. CEVA provides OEMs with...

A Stock Check: Which direction Pinterest Inc (PINS) will move from here?

The social networking company Pinterest Inc (PINS) rose 226% in the past year. If the price has increased significantly, is it worthwhile to acquire...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.