Repay Holdings (RPAY) Beats Q2 Earnings and Revenue Estimates

Group 1 - Repay Holdings (RPAY) reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of$ 0.20 per share, and showing an increase from $0.19 per share a year ago, representing a 10% earnings surprise [1] - The company achieved revenues of$ 74.91 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.27%, and up from $71.78 million year-over-year [2] - Over the last four quarters, Repay Holdings has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has added approximately 1.4% since the beginning of the year, while the S&P 500 has gained 9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is$ 0.23 on revenues of $79.61 million, and for the current fiscal year, it is$ 0.91 on revenues of $317.79 million [7] Group 3 - The Zacks Industry Rank indicates that the Financial Transaction Services industry is in the top 33% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Repay Holdings is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]