Bulletin
Investor Alert
×

Market Pulse Archives

July 22, 2019, 10:04 a.m. EDT

PayPal's upcoming results could be among the 'messiest' in recent memory, says analyst

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    PayPal Holdings Inc. (PYPL)
  • X
    eBay Inc. (EBAY)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Bernstein analyst Harshita Rawat expects that PayPal Holdings Inc. /zigman2/quotes/208054269/composite PYPL -0.09% will report "one of the messiest quarters" in recent memory "given many moving pieces around volume growth, Venmo monetization, pricing actions, credit divestiture impact, [foreign exchange], gains on investments, recent M&A & eBay /zigman2/quotes/204653455/composite EBAY +0.20% ." Still, she expects that the company will top expectations, though the current consensus forecast doesn't account for recent disclosures around investment benefits. PayPal said recently that it expects 13 cents of earnings impact beyond what it previously forecast related to its investments. The FactSet consensus models 69 cents in June-quarter adjusted earnings per share, while Rawat forecasts 84 cents. She rates the stock at market perform but raised her target price to $110 from $105. PayPal shares are up 0.4% in Monday morning trading, and they've risen 42% so far this year as the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.07% has climbed 19%.

/zigman2/quotes/208054269/composite
US : U.S.: Nasdaq
$ 107.00
-0.10 -0.09%
Volume: 8.39M
Sept. 13, 2019 4:15p
P/E Ratio
50.95
Dividend Yield
N/A
Market Cap
$125.90 billion
Rev. per Employee
$710,138
loading...
/zigman2/quotes/204653455/composite
US : U.S.: Nasdaq
$ 40.37
+0.08 +0.20%
Volume: 5.44M
Sept. 13, 2019 4:00p
P/E Ratio
15.77
Dividend Yield
1.39%
Market Cap
$33.86 billion
Rev. per Employee
$768,143
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,007.39
-2.18 -0.07%
Volume: 1.89B
Sept. 13, 2019 4:56p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.