PayPal Raises Fiscal Year Guidance
By Allison Prang
PayPal Holdings Inc. raised its outlook for this year.
For 2021, PayPal is expecting about $25.75 billion in revenue.
When the company logged its results for the fourth quarter, it said
it was expecting about $25.5 billion in revenue for this year.
According to FactSet, analysts are expecting $25.71 billion in
The company is guiding for about $3.33 a share in earnings,
instead of about $3.20 a share, and expects about $4.70 a share in
adjusted earnings or for those to grow about 21% year over year
instead of about 17%. According to FactSet, analysts are expecting
adjusted earnings of $4.57 a share.
The company expects between 52 million and 55 million net new
active accounts. It had been expecting about 50 million.
PayPal is expecting total payment volume to rise by about 30%.
It was guiding for it rise by a high 20s percentage.
For the second quarter, PayPal expects about $6.25 billion in
revenue and about $1.12 a share in adjusted earnings. Analysts were
expecting $6.17 billion in revenue and $1.10 a share in adjusted
earnings. For second-quarter earnings, the company expects about 76
cents a share.
Write to Allison Prang at email@example.com
(END) Dow Jones Newswires
May 05, 2021 16:40 ET (20:40 GMT)
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