Paymentus Holdings Third Quarter 2024 Earnings: Beats Expectations

Paymentus Holdings (NYSE:PAY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$231.6m (up 52% from 3Q 2023).
• Net income: US$14.4m (up 126% from 3Q 2023).
• Profit margin: 6.2% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.12 (up from US$0.052 in 3Q 2023).

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

Paymentus Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 24% from a week ago.

Risk Analysis

Be aware that Paymentus Holdings is showing 2 warning signs in our investment analysis that you should know about...

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