2024-04-30 18:35:15 ET
Summary
- PayPal's Q1 earnings showed improvements in the transaction business and a beat-and-raise in EPS guidance.
- The company is focused on stabilizing its platform dynamics and driving growth in transaction processing volume.
- PayPal's focus on profitability remains steady, with growth in operating income and adjusted EPS.
- The quarter's positive earnings developments, along with elevated investor pessimism, is compressing PayPal's valuation multiples, making the stock attractive.
Investment Thesis
PayPal ( PYPL ) recen tly reported earnings for the first quarter of 2024, which was, in my opinion, a strong result for the San Jose-headquartered fintech company. Some of the most notable takeaways from PayPal’s Q1 results were the improvements that I continue to see in their underlying transaction business, as well as the beat-and-raise in its EPS guidance....
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PayPal Q1 Earnings: Enterprise Partnerships, Customer Adoption Driving Higher Transaction Volume