PayPal Stock Slips Despite Market Gains; Eyes on Upcoming Earnings
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PayPal (PYPL) stock declined 1.9% despite market improvement, underperforming the S&P 500, Dow, and Nasdaq.
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PayPal's stock has climbed 8.61% over the past month, beating the Computer and Technology sector and S&P 500.
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Upcoming PayPal earnings release will be important - EPS estimate revised 0.73% lower to $1.16, revenue estimate $7.51B.
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PayPal currently has a Zacks Rank #3 (Hold) and trades at a Forward P/E of 12.91, representing a discount vs. its industry.
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The Internet-Software industry ranks in the top 17% of Zacks industries, with top 50% outperforming the bottom half by 21.