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Priority Technology Holdings Inc (PRTH)
NASDAQ:PRTH
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
-0.16Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2019
|% Change Since: 34.04%
|Next Earnings Date:Nov 14, 2018
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant growth across key business segments and a positive outlook for the remainder of the year. The acquisition of Plastiq contributed positively to revenue but impacted gross margins. Despite challenges such as increased interest expenses and a decline in new merchant accounts, the company remains optimistic about its growth trajectory with raised guidance and continued operational efficiency.Company Guidance
During the third quarter 2024 earnings call for Priority Technology Holdings, the company provided updated guidance reflecting robust growth across its business segments. The company expects full-year revenue to reach between $875 million and $883 million, an approximate 16% increase over 2023, driven by strong performances in SMB Acquiring, B2B Payables, and Enterprise Payments. Additionally, they raised their full-year adjusted EBITDA guidance to a range of $200 million to $204 million, marking an 18% to 21% increase from the previous year. The third quarter showcased significant achievements, with total customer accounts surpassing 1.1 million and transaction volume reaching nearly $127 billion annually. Revenue for the quarter increased by over 20% year-over-year to $227 million, with adjusted gross profit rising to $86 million and adjusted EBITDA improving by 22% to $54.6 million. Despite a slight decrease in adjusted gross profit margin due to the Plastiq acquisition, the company highlighted an organic growth performance that outpaces industry peers, with expectations for continued momentum.Record Financial Performance
Third quarter revenue reached $227 million, a 20% increase from the previous year, with adjusted EBITDA improving by 22% to $54.6 million.
Strong Segment Growth
SMB Acquiring revenue grew by 13.2%, B2B Payables revenue increased by 58.3%, and Enterprise Payments revenue rose by 33.9% year-over-year.
Positive Guidance Update
Full-year revenue guidance is $875 million to $883 million, with adjusted EBITDA guidance raised to $200 million to $204 million, reflecting an 18% to 21% increase over 2023.
Plastiq Acquisition Benefits
Plastiq contributed $8 million in the B2B segment, driving a 58.3% revenue increase. Integration efforts led to a significant improvement in profitability.
Operational Efficiency
Salaries and benefits increased by only 8% year-over-year, showcasing expense discipline despite the acquisition of Plastiq.
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PRTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.64 | $6.63 | -0.15% |
| Aug 08, 2024 | $5.06 | $5.06 | 0.00% |
| May 09, 2024 | $3.48 | $3.54 | +1.72% |
| Mar 12, 2024 | $3.13 | $3.13 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Priority Technology Holdings Inc (PRTH) report earnings?
Priority Technology Holdings Inc (PRTH) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is Priority Technology Holdings Inc (PRTH) earnings time?
Priority Technology Holdings Inc (PRTH) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRTH EPS forecast?
PRTH EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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