Flywire reports Tuesday: what to watch in FLYW's quarterly results

what happened

Payments company Flywire will publish its quarterly results this Tuesday after the bell, StockStory reports.

Last quarter revenue came in at $163.8 million, up 28.4% year on year. The company beat analysts' revenue expectations, and its guidance for the next quarter was slightly above consensus. The market expects revenue to grow 20% year on year this quarter, a slowdown from the 28.2% gain in the same quarter last year. Over the past 30 days analysts have largely reconfirmed their estimates. Flywire rarely misses Wall Street's revenue forecasts.

Among peers, Asure Software reported revenue growth of 10.4%, beating expectations by 2.4%, and its shares rose 29.5%. Paychex reported revenue up 5.9%, in line with consensus, and its shares fell 11.3%. Flywire shares are up 8.4% over the past month, and the average analyst price target is $21.21 against a current share price of $19.70.

why it matters

Investors will be watching whether Flywire can sustain revenue growth after a slowdown and confirm its outlook. Peer reactions show the market responding sharply to results even when they are only slightly off expectations, so the figures can move shares of payments companies noticeably.

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