Group 1: Earnings Performance - FlexShopper Inc. reported a quarterly loss of $0.13 per share, better than the Zacks Consensus Estimate of a loss of $0.15, and improved from a loss of $0.22 per share a year ago, representing an earnings surprise of 13.33% [1] - The company posted revenues of $31.76 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.45%, and compared to year-ago revenues of $24.53 million [2] - Over the last four quarters, FlexShopper has exceeded consensus EPS estimates four times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - FlexShopper shares have declined approximately 37.1% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at $0.07 on revenues of $41.32 million, and for the current fiscal year at -$0.08 on revenues of $158.02 million [7] - The Zacks Rank for FlexShopper is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Group 3: Industry Context - The Financial - Miscellaneous Services industry, to which FlexShopper belongs, is currently in the top 42% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
FlexShopper Inc. (FPAY) Reports Q2 Loss, Tops Revenue Estimates