Flywire (FLYW) Q2 Earnings: What To Expect
Global payments company Flywire (NASDAQ:FLYW) will be reporting results this Tuesday after market hours. Here’s what to look for.
Flywire beat analysts’ revenue expectations last quarter, reporting revenues of $184 million, up 42.9% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter topping analysts’ expectations.
Is Flywire a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Flywire’s revenue to grow 22.8% year on year, slowing from the 27.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Flywire has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Flywire’s peers in the finance and hr software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Paychex delivered year-on-year revenue growth of 12.5%, meeting analysts’ expectations, and Asure Software reported revenues up 23.2%, in line with consensus estimates. Asure Software traded down 5% following the results.
Read our full analysis of Paychex’s results here and Asure Software’s results here.
There has been positive sentiment among investors in the finance and hr software segment, with share prices up 2.7% on average over the last month. Flywire is down 12.7% during the same time and is heading into earnings with an average analyst price target of $19.31 (compared to the current share price of $16.01).
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