Posted 1/2/2024, 10:45:18 PM
PayPal Stock Outperforms Broader Market as Earnings Beat Expected
- PayPal (PYPL) stock rose 0.08% while broader markets fell, with the S&P down 0.57% and Nasdaq down 1.64%
- PYPL has gained 2.61% over the past month, less than the tech sector overall
- PYPL expected to report Q4 EPS of $1.36, up 9.68% year-over-year, on revenue of $7.88B, up 6.75%
- Positive analyst estimate revisions correlate to upcoming stock price gains; PYPL estimates up 0.08% in past month
- PYPL trades at attractive valuations compared to industry averages, with forward P/E of 11.06 and PEG of 0.68