Priority Technology beats Q2 revenue estimates, adjusted EPS more than doubles

Reuters
08/07
Priority Technology beats <a href="https://laohu8.com/S/QTWO">Q2</a> revenue estimates, adjusted EPS more than doubles

Overview

  • Priority Technology Q2 revenue rises 9.1%, beating analysts' expectations

  • Adjusted EPS for Q2 increases 136.4%, surpassing estimates

  • Co raises lower end of full-year revenue guidance, narrows adjusted EBITDA range

Outlook

  • Priority raises low end of full-year revenue guidance to $970 mln

  • Company narrows full-year adjusted EBITDA guidance to $222.5-$227.5 mln

  • Priority anticipates organic growth acceleration in second half of 2025

  • Company positioned to benefit from embedded finance trend

Result Drivers

  • CONNECTED COMMERCE - Priority's Connected Commerce platform drove 9% revenue growth and 13% adjusted gross profit growth

  • SEGMENT GROWTH - B2B adjusted gross profit grew over 30%, Enterprise grew over 20%, per CEO Tom Priore

  • RECURRING REVENUE - Recurring revenue represents 62% of total adjusted gross profit

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$239.81 mln

$239.10 mln (5 Analysts)

Q2 Adjusted EPS

Beat

$0.26

$0.2 (4 Analysts)

Q2 Net Income

$10.88 mln

Q2 Adjusted EBITDA

Beat

$56.05 mln

$54.70 mln (5 Analysts)

Q2 Gross Margin

36.5%

Q2 EBITDA

$52.45 mln

Q2 Gross Profit

$87.50 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

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

  • Wall Street's median 12-month price target for Priority Technology Holdings Inc is $13.00, about 47.7% above its August 6 closing price of $6.80

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw19F9Zxa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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