-
PayPal's Stock Pulls Back After Q2 Earnings: Blame eBay?
Thursday, July 29, 2021 - 12:15pm | 689Paypal Holdings Inc (NASDAQ: PYPL) shares are down 5% after the company reported second-quarter sales and profit numbers that disappointed the market. PayPal reported adjusted EPS of $1.15, slightly beating analyst estimates of $1.12. Revenue for the quarter was $6.24 billion, missing...
-
What 3 Visa Analysts Are Saying After Credit Card Network's Q3 Statement
Wednesday, July 28, 2021 - 3:28pm | 590Following Visa, Inc’s (NYSE: V) third-quarter earnings beat Tuesday, analysts at Morgan Stanley, Credit Suisse and Raymond James provided their takeaways and outlooks on the stock. Visa Q3 Earnings Recap EPS came in at $1.49, beating consensus estimates of $1.34 by 11%....
-
What Morgan Stanley Expects From PayPal's Q2 Print
Wednesday, July 28, 2021 - 10:22am | 458PayPal, Inc. (NASDAQ: PYPL) is set to report second-quarter earnings after the amarket close Wednesday. In anticipation of this earnings call, analysts at Morgan Stanley have provided insight into the company’s market positioning. Consensus estimates project second-quarter EPS at $1.13 and...
-
Affirm's Stock: Why Morgan Stanley Recommends, Goldman Sachs Is Waiting It Out
Monday, February 8, 2021 - 7:45pm | 539Fintech company Affirm Holdings Inc (NASDAQ: AFRM), which started trading in early January is a top-three player in the buy now, pay later space that offers consumers an alternative method to finance goods. The Affirm Holdings Analysts: Morgan Stanley analyst James Faucette initiated coverage...
-
Visa Analysts: Q1 Commentary May Reassure Investors
Friday, January 29, 2021 - 1:32pm | 276Visa Inc (NYSE: V) reported strong quarterly results Thursday, with gross revenue of $5.7 billion and adjusted earnings of $1.42 per share, ahead of the Street's expectations of $5.5 billion and $1.28 per share, respectively. The Visa Analysts: Josh Beck of KeyBanc Capital Markets...
-
Morgan Stanley: Axon Enterprise's Growth 'More Durable' Than Peers
Friday, January 15, 2021 - 4:53pm | 339Axon Enterprise Inc (NASDAQ: AAXN), best-known for providing its non-lethal Taser product and body camera equipment to law enforcement, boasts a growth profile that is "more durable" than its peers, according to Morgan Stanley. The Axon Enterprise Analyst: James Faucette upgraded Axon...
-
Analysts React To Rocket Companies Q3 Earnings: 'Differentiated Tech-Driven Platform'
Wednesday, November 11, 2020 - 12:20pm | 408Rocket Companies Inc (NYSE: RKT) shares fell about 3.3% on Wednesday after the company reported a record third quarter on Tuesday afternoon. The Numbers: Rocket Companies, which is the parent company of Rocket Mortgage and Quicken Loans, reported third-quarter adjusted EPS of $1.21...
-
Square Earnings Crush Expectations Yet Again, But What's Next?
Friday, November 6, 2020 - 1:15pm | 512Square Inc (NYSE: SQ) shares jumped 11% on Friday after the company reported an earnings beat and stronger-than-expected Cash App growth in the third quarter. Square reported third-quarter adjusted EPS of 8 cents on revenue of $3.03 billion. Both numbers beat consensus analyst estimates of an 8-...
-
'Tech Driven Growth Story': Analysts Initiate Coverage Of Rocket Companies Following Quiet Period
Monday, August 31, 2020 - 11:35am | 536Rocket Companies Inc (NYSE: RKT) is off to a hot start on the public market after pricing its IPO at $18 in early August. Rocket Companies, the parent company of Quicken Loans and Rocket Mortgage, reported $3.5 billion in net income for the second quarter, up from a $54 million net loss in the...
-
Analysts React To Square Earnings: 'A Tale Of Two Ecosystems'
Thursday, May 7, 2020 - 12:29pm | 495Square Inc (NYSE: SQ) shares rocketed higher by 11% on Thursday after the company reported losses that more than doubled in the first quarter of 2020. Square reported a first-quarter adjusted earnings per share loss of 24 cents, missing analyst expectations of a 13-cent profit. However, revenue of...
-
Square Analysts React To FDIC's Conditional Banking License Approval For Payments Company
Thursday, March 19, 2020 - 3:22pm | 786Payment processing company Square Inc (NYSE: SQ) said Wednesday that the FDIC voted to conditionally approve its application for an Industrial Loan Company, or ILC, bank charter. The company also received charter approval from the Utah Department of Financial Institutions. The Square...
-
Straight Cash: Analysts Bullish On Square's Q4 Earnings, Outlook
Thursday, February 27, 2020 - 3:25pm | 797Square Inc (NYSE: SQ) reported fourth-quarter results highlighted by an earnings beat and a bullish outlook of its Cash App. Square reported fourth-quarter cash earnings per share (CEPS) of 23 cents on total revenue of $1.31 billion versus expectations of 21 cents and $1.19 billion. Transaction-...
-
Visa's Q1: Morgan Stanley, RBC Both Bullish
Friday, January 31, 2020 - 1:23pm | 532Visa Inc (NYSE: V) reported first-quarter results Thursday that one analyst described as "unremarkable" and said could be overshadowing the bigger picture. The Visa Analysts Morgan Stanley analyst James Faucette maintained an Overweight rating on Visa with an unchanged $240...
-
Why This Analyst Is Increasingly Convinced Of Venmo's Monetization Prospects
Monday, November 11, 2019 - 2:12pm | 504Venmo hasn’t yet proven itself a meaningful contributor to PayPal Holdings Inc (NASDAQ: PYPL). But one analyst team is increasingly confident about its prospects to monetize and bolster parent earnings. The Rating Morgan Stanley analysts James Faucette and Steven Wald maintained an Overweight...
-
Morgan Stanley Downgrades Qualcomm On Valuation
Monday, November 11, 2019 - 10:32am | 316Morgan Stanley has stepped to the sidelines on Qualcomm, Inc. (NASDAQ: QCOM), saying there's no longer the valuation gap with the company's semiconductor peers to make it as attractive. The Analyst Morgan Stanley's James Faucette downgraded Qualcomm from Overweight to Equal-Weight and...