Flywire Corp reports results for the quarter ended March 31 - Earnings Summary

• Flywire Corp FLYW.OQ reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of sixteen analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -4 cents to 4 cents per share.

• Revenue rose 17% to $133.45 million from a year ago; analysts expected $123.62 million.

• Flywire Corp's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $4.16 million.

• Flywire Corp shares had risen by 2.3% this quarter and lost 52.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 68.2% 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 6 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is "hold."

• Wall Street's median 12-month price target for Flywire Corp is $16.00

This summary was machine generated from LSEG data May 6 at 11:36 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)