What To Expect From Flywire's (FLYW) Q3 Earnings

Global payments company Flywire (NASDAQ:FLYW) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.

Flywire beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $131.9 million, up 27.2% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.

Is Flywire a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Flywire’s revenue to grow 18.5% year on year to $185.8 million, slowing from the 27.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.35 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Flywire has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Flywire’s peers in the finance and HR software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Asure Software delivered year-on-year revenue growth of 23.7%, beating analysts’ expectations by 1.6%, and Paychex reported revenues up 16.8%, in line with consensus estimates. Asure Software traded up 8.3% following the results while Paychex was down 3.5%.

Read our full analysis of Asure Software’s results here and Paychex’s results here.

Investors in the finance and HR software segment have had fairly steady hands going into earnings, with share prices down 1% on average over the last month. Flywire is down 1.1% during the same time and is heading into earnings with an average analyst price target of $14.88 (compared to the current share price of $13.32).

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