WHAT TO WATCH WHEN PAYPAL REPORTS EARNINGS

Aruba, February 1, 2019 – A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4?

PayPal Q3 results have set expectations high.  PayPal beat earnings expectations of $.04 and revenue forecasts by about 20 million.  The firm also logged double-digit growth in overall transaction volume and payments volume, and high single-digit boosts in the number of payments per active account.  Payments transactions were 2.5 billion, a 27 percent gain, with total payments volume clocking in at $143 billion, that quarter.
PayPal also reported 254 million active accounts – 15 percent year-on-year growth – with 9.1 million added during Q3.
Venmo – PayPal’s P2P payment services also logged a particularly strong Q3 –  Venmo’s total payment volume spiked 78 percent and reached $17 billion. And nearly a quarter – or 24 percent of Venmo users – completed a “monetizable action.”
PayPal CEO Dan Schulman said on a call with analysts that the growth is encouraging:
“I’m especially pleased with the strong overall momentum surrounding Venmo,” PayPal CEO Daniel Schulman said on a call with analysts. “While it is still early, our monetization efforts appear to be reaching a tipping point.”
The strength of numbers in Q3 was such that PayPal raised its earnings and revenue estimates for Q4 – and for the full year, a move that the markets particularly liked at the time.
Tomorrow, the street finds out if PayPal lived up to the increased expectations it set for itself.
By the numbers – analysts are looking for $0.67 per share on revenue of $4.24 billion for the fourth quarter.  By comparison, in Q4 2017 PayPal put up profit of $0.55 per share on revenue of $3.74 billion.
Read more here.
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