Will Paypal (PYPL) Beat Estimates Again in Its Next Earnings Report?
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Paypal . This company, which is in the Zacks Internet - Software industry, shows potential for another earnings beat.This technology platform and digital payments company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 17.53%.For the last reported quarter, Paypal came out with earnings of $1.20 per share versus the Zacks Consensus Estimate of $1.08 per share, representing a surprise of 11.11%. For the previous quarter, the company was expected to post earnings of $0.96 per share and it actually produced earnings of $1.19 per share, delivering a surprise of 23.96%.For Paypal, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's posi