Paysafe Limited (PSFE) Misses Q3 Earnings Estimates

Core Insights - Paysafe Limited (PSFE) reported quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of$ 0.58 per share, and down from $0.57 per share a year ago, representing an earnings surprise of -12.07% [1] - The company posted revenues of$ 427.1 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.61% and up from $396.41 million year-over-year [2] - Paysafe Limited shares have increased approximately 99.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.73 on revenues of $438.2 million, and for the current fiscal year, it is$ 2.50 on revenues of $1.72 billion [7] - The estimate revisions trend for Paysafe Limited is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Financial Transaction Services industry, to which Paysafe Limited belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]