Priority Technology Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• Priority Technology Holdings Inc PRTH.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -12 cents. The mean expectation of four analysts for the quarter was for earnings of 7 cents per share. Wall Street expected results to range from 6 cents to 8 cents per share.

• Revenue rose 13.9% to $227.07 million from a year ago; analysts expected $226.99 million.

• Priority Technology Holdings Inc's reported EPS for the quarter was a loss of 22 cents​.

• The company reported a quarterly loss of $3.77 million.

• Priority Technology Holdings Inc shares had fallen by 22.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for Priority Technology Holdings Inc is $14.50

This summary was machine generated from LSEG data March 6 at 03:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)