Priority Technology Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Priority Technology Holdings Inc PRTH reported quarterly adjusted earnings of 26 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of five analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 15 cents to 25 cents per share.

• Revenue rose 9.1% to $239.81 million from a year ago; analysts expected $239.13 million.

• Priority Technology Holdings Inc's reported EPS for the quarter was 14 cents​.

• The company reported quarterly net income of $10.88 million.

• Priority Technology Holdings Inc shares had fallen by 12.6% this quarter and lost 42.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• 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 also "buy"

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

This summary was machine generated from LSEG data August 7 at 05:12 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)