Payoneer Global (NASDAQ:PAYO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$239.5m (up 16% from 2Q 2023).

• Net income: US$32.4m (down 29% from 2Q 2023).

• Profit margin: 14% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.091 (down from US$0.13 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Payoneer Global Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 69%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 20% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Payoneer Global you should be aware of.

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