Core Viewpoint - Paymentus (PAY) is experiencing solid improvement in earnings estimates, which is likely to drive its stock price higher due to positive short-term price momentum [1][2]. Earnings Estimates - Current quarter earnings are expected to be $0.12 per share, reflecting a +9.09% change from the previous year [4]. - The Zacks Consensus Estimate for the current quarter has increased by 12.5% over the last 30 days, with two estimates moving higher and no negative revisions [4]. - For the full year, Paymentus is projected to earn $0.49 per share, indicating a year-over-year change of +53.13% [5]. - The consensus estimate for the full year has risen by 21.88% due to two upward revisions and no negative changes [5]. Zacks Rank - Paymentus has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions that suggest strong investment potential [6]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [6]. Stock Performance - The stock has gained 43.8% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [7].

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify which metrics are effective for assessing momentum in stocks [2] Group 2: Company Analysis - Paymentus (PAY) - Paymentus currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, shares of Paymentus have increased by 23.84%, while the Zacks Internet - Software and Services industry has decreased by 2.74% [7] - In the last month, Paymentus shares have risen by 43.8%, significantly outperforming the industry's 1.57% [7] - Over the past quarter, Paymentus shares have increased by 63.12%, and over the last year, they have risen by 126.8%, compared to the S&P 500's increases of 6.16% and 32.62%, respectively [8] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for Paymentus is 455,991 shares, which serves as a bullish indicator when combined with rising stock prices [9] - In terms of earnings outlook, there have been two upward revisions in earnings estimates for the current fiscal year, raising the consensus estimate from $0.42 to $0.49 [11] - For the next fiscal year, one estimate has increased, with no downward revisions noted [11] - Given these factors, Paymentus is positioned as a strong buy with a Momentum Score of B, making it a noteworthy investment option [12]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Paymentus (PAY) , which belongs to the Zacks Internet - Software and Services industry, could be a great candidate to consider. This electronic bill payment services has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 29.17%. Fo ...

Paymentus (PAY) shares ended the last trading session 8.3% higher at $25.49. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.8% gain over the past four weeks. Paymentus is benefiting from strong demand for its advanced payment platform, and successful onboarding of large enterprise clients across various sectors. This electronic bill payment services is expected to post quarterly earnings of $0.10 per share in it ...

Stock Performance and Financials - Paymentus Holdings Inc experienced a significant stock price decrease of 5 00% currently trading at $19 78 per share with a volume of 99 361 shares and a turnover rate of 0 08% The price fluctuation amplitude is 4 80% [1] - The company achieved $197 million in revenue with a net profit of $9 36 million translating to an earnings per share of $0 08 The gross profit stood at $54 98 million and the price-to-earnings ratio is noted at 76 23 times [1] Institutional Ratings - Regarding institutional ratings 17% of the six participating brokerage firms recommend a buy while 83% suggest holding with no sell recommendations [2] Sector Performance - The software services sector where Paymentus operates saw an overall increase of 0 02% Prominent gainers in this sector include Agora Huichuan Securities and Banzai International Inc C/Wts 14/12/2028 (To Pur Com) [3] - Active stocks such as Microalgo Inc Treasure Global Inc and Agora had turnover rates of 185 67% 117 61% and 79 83% respectively Notable volatile stocks include Agora Banzai International Inc C/Wts 14/12/2028 (To Pur Com) and Wag Group Co C/Wts 30/07/2027 (To Pur Com) with amplitude fluctuations of 90 18% 72 84% and 55 42% respectively [3] Business Overview - Paymentus Holdings Inc specializes in providing secure electronic billing and payment services through its SaaS technology platform It caters to billing entities and financial institutions integrating with core financial and operational systems of billing companies [4] - The platform supports multiple payment channels including online mobile IVR call center chatbots and voice assistants facilitating transactions via credit cards debit cards checks and digital wallets The company's revenue is generated from transaction fees calculated as a percentage of the transaction value or as a specified fee per transaction [4]

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Paymentus (PAY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. Paymentus is one of 317 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank ga ...

Paymentus Holdings, Inc. (NYSE:PAY) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Dushyant Sharma - Founder and CEO Sanjay Kalra - SVP and CFO Conference Call Participants David Koning - Baird Will Nance - Goldman Sachs Darrin Peller - Wolfe Research Andrew Bauch - Wells Fargo John Davis - Raymond James Andrew Polkowitz - JPMorgan Matthew O’Neill - FT Partners Operator Good day, and welcome to the Second Quarter 2024 Paymentus Earnings Con ...

Paymentus (PAY) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this electronic bill payment services would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%. Over the last four quarte ...

I am positive on Paymentus (NYSE:PAY). My summarized thesis is that PAY offers a solution that disrupts a large market, and with just less than 3% market share today, the growth runway is extremely long. The strong value proposition of a modern payment platform to billers and consumer demand for flexible payments should continue to drive adoption of PAY. PAY competes in a massive market that enables it to continue growing for a very long time. Based on Datos Insights (source: PAY investor presentation in Ap ...

Paymentus Holdings, Inc. (NYSE:PAY) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Dushyant Sharma - Founder and Chief Executive Officer Sanjay Kalra - Chief Financial Officer Conference Call Participants John Davis - Raymond James Dave Koning - Baird Darrin Peller - Wolfe Research Will Nance - Goldman Sachs Tien-Tsin Huang - JPMorgan Andrew Bauch - Wells Fargo Zachary Gunn - FT Partners Operator Good day, and welcome to First Quarter 2024 Pay ...