Flywire (FLYW) Reports Earnings Tomorrow. What To Expect

Radek Strnad /
2022/03/01 7:30 am EST

Cross border payment processor Flywire (NASDAQ: FLYW) will be announcing earnings results tomorrow after market close. Here's what you need to know.

Last quarter Flywire reported revenues of $67.7 million, up 61% year on year, beating analyst revenue expectations by 29.4%. It was an incredible quarter for the company, with an impressive beat of analyst estimates and an exceptional revenue growth.

Is Flywire buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Flywire's revenue to grow 23.8% year on year to $41.1 million, Adjusted loss is expected to come in at -$0.05 per share.

Flywire Corporation Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time since going public on average by 32%.

Looking at Flywire's peers in the finance and HR software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Intuit delivered top-line growth of 69.6% year on year, missing analyst estimates by 1.65% and Bill.com reported revenues up 189% year on year, exceeding estimates by 19.3%. Intuit traded down 1.94% on the results, Bill.com was up 23%. Read our full analysis of Intuit's results here and Bill.com's results here.

The whole tech sector has been facing a sell-off since late last year and while some of the software stocks have fared somewhat better, they have not been spared, with average share price declining 4.55% over the last month. Flywire is down 4% during the same time, and is heading into the earnings with analyst price target of $45.4, compared to share price of $27.06.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.