Core Viewpoint - FlexShopper Inc. reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, and showing a significant improvement from a loss of $0.01 per share a year ago, indicating a strong earnings surprise of 150% [1] Financial Performance - The company achieved revenues of $38.59 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.33% and reflecting a year-over-year increase from $31.39 million [2] - Over the last four quarters, FlexShopper has consistently exceeded consensus EPS estimates [2] Stock Performance - FlexShopper shares have declined approximately 23.1% since the beginning of the year, contrasting with the S&P 500's gain of 25.5% [3] - The current Zacks Rank for FlexShopper is 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $49.01 million, while for the current fiscal year, the estimate is -$0.12 on revenues of $152.42 million [7] - The trend of estimate revisions for FlexShopper is currently mixed, which may change following the recent earnings report [6] Industry Context - The Financial - Miscellaneous Services industry, to which FlexShopper belongs, is currently ranked in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
FlexShopper Inc. (FPAY) Q3 Earnings and Revenues Beat Estimates