Flywire (FLYW) Scheduled to Post Quarterly Earnings on Tuesday

Flywire (NASDAQ:FLYW) is set to announce its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The business had revenue of $114.10 million during the quarter, compared to analysts’ expectations of $107.81 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The business’s quarterly revenue was up 20.9% on a year-over-year basis. On average, analysts expect Flywire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flywire Trading Up 9.4 %

FLYW stock opened at $18.96 on Monday. Flywire has a 12 month low of $15.19 and a 12 month high of $35.80. The company has a 50-day moving average price of $17.09 and a 200 day moving average price of $20.40. The stock has a market cap of $2.35 billion, a PE ratio of -172.35, a P/E/G ratio of 5.47 and a beta of 0.98.

Analysts Set New Price Targets

FLYW has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Flywire from $32.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. BTIG Research dropped their price target on shares of Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. UBS Group decreased their price objective on shares of Flywire from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Citigroup decreased their price objective on shares of Flywire from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Flywire from $41.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Flywire presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.86.

Flywire Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.