Flywire (FLYW) Scheduled to Post Quarterly Earnings on Tuesday

Flywire (NASDAQ:FLYW) will be issuing its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Flywire (NASDAQ:FLYW) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $107.81 million. Flywire had a negative return on equity of 1.56% and a negative net margin of 2.63%. The firm’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, analysts expect Flywire to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flywire Trading Up 9.4 %

Shares of NASDAQ:FLYW opened at $18.96 on Monday. The company has a market capitalization of $2.35 billion, a PE ratio of -172.35, a P/E/G ratio of 5.47 and a beta of 0.98. Flywire has a twelve month low of $15.19 and a twelve month high of $35.80. The firm has a 50 day simple moving average of $17.09 and a 200-day simple moving average of $20.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FLYW. William Blair restated an “outperform” rating on shares of Flywire in a research report on Wednesday, May 8th. UBS Group reduced their price objective on shares of Flywire from $34.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Wedbush reaffirmed a “neutral” rating and issued a $18.00 target price on shares of Flywire in a report on Thursday, May 23rd. Wells Fargo & Company cut their target price on shares of Flywire from $35.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Finally, BTIG Research cut their target price on shares of Flywire from $34.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.86.

Flywire Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.