Flywire (FLYW) Q4 Earnings Report Preview: What To Look For
Cross border payment processor Flywire (NASDAQ: FLYW) will be reporting results tomorrow afternoon. Here's what to expect.
Last quarter Flywire reported revenues of $123.3 million, up 29.5% year on year, beating analyst revenue expectations by 2.9%. It was a mixed quarter for the company, with optimisc revenue guidance for the next quarter. On the other hand, EPS fell below expectations during the quarter.
Is Flywire buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Flywire's revenue to grow 21.4% year on year to $88.66 million, slowing down from the 42.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.01 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 13.7%.
Looking at Flywire's peers in the finance and HR software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Paycor delivered top-line growth of 20.1% year on year, beating analyst estimates by 2.4% and Paycom reported revenues up 17.3% year on year, exceeding estimates by 2.9%. Paycor traded flat on the results, and Paycom was down 4.5%.
Read our full analysis of Paycor's results here and Paycom's results here.
Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, and while some of the finance and HR software stocks have fared somewhat better, they have not been spared, with share price declining 2.9% over the last month. Flywire is up 3.7% during the same time, and is heading into the earnings with analyst price target of $31.1, compared to share price of $22.9.
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