PayPal Holdings, Inc. operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide
PayPal last reported earnings on reported earnings on 11/2 and earnings soared past Wall Street estimates. This marks the second consecutive quarter of record-setting results for the company. This past quarter revenue was $5.46 billion, up 25% year over year. While profits or earnings per share were $0.86, operating cash flow grew to $4.61 billion, up 40% year over year.
And with the recent announcement of all their users can now buy and sell crypto, they are going to blow away even the bullish estimates in Feb.
https://finance.yahoo.com/news/paypal-says-users-u-now-181403170.html
https://finance.yahoo.com/news/paypal-removes-waitlist-crypto-boosts-171425777.html
https://www.investors.com/research/paypal-stock-buy-now/?src=A00220
▶️ 3Speak
PayPal trades at a forward P/E of 50. However, I am not worried on the valuations part. The company's growth justifies the high P/E.
It's worth noting that for the current year, the stock is already higher by 77%. A value creator.
I agree that PYPL is worth buying before the quarterly numbers. If there is some correction, I would be happier from a medium to long-term investment perspective.
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Buy and flip, like you said P/E is 50. Far better than Tesla, but still overvalued. I think of selling some just before the announcement.
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Agree @fh007, I will definitely be watching this one to try and get in before earnings.
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Their recent announcement is definitely going to push them to another high dimension
Yeah, just look at Square.
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Hmmm good idea
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I think to buy more and sell half just before the announcement, the other on the first serious pump.
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I like that approach too @alexvan.
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Interesting, I agree, they will be a good candidate for short term plays in February. I will look at their slightly in the money calls for February, they may 5x or 10x around announcement time. Probably good to take profit if I am right, before earnings, as there will probably be buying pressure from late arriving investors in January seeking to capitalize on Februaries earnings. It will costly to enter the trade, but for a good multiple, it may be worth it. I need to do more research, but thanks for the idea.
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