PayPal’s Q3 Earnings Preview: High Consumer Spending Fuels Optimism

Summary:

  • PayPal is set to release its Q3 earnings on November 1st with consensus quarterly earnings expected to be around $1.23/share and revenues growing 8% YoY.
  • Recent Q3 GDP data revealed strong consumer spending, driven by factors such as low unemployment, wage growth, government stimulus, and online shopping, which bodes well for PayPal in my view.
  • However, PayPal is facing increasing competition in the online payment industry, eroding its market share and presents challenges for its future.
  • Despite this, I am bullish on PayPal as it appears there is currently a disconnect between the strong macroeconomic backdrop and its heavily beaten down stock.
:Silhouette of upset Australian woman over PayPal logo

chameleonseye

PayPal Holdings, Inc. (NASDAQ:PYPL) is set to report Q3 earnings on Wednesday, November 1st, after the market close. Consensus quarterly earnings according to Seeking Alpha are expected to be around $1.23/share with revenues growing 8% YoY to $7.4 billion. On an


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