PagSeguro Digital Ltd. (NYSE:PAGS) is reporting second quarter financial results on Thursday 27th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, PAGS is expected to report 2Q20 income of $ 0.18 per share from revenue of $ 252.89 million.
For the full year, analysts anticipate top line of $ 1175.30 million, while looking forward to income of $ 0.85 per share bottom line.
Previous Quarter Performance
PagSeguro Digital Ltd. revealed income for the first quarter of $ 0.25 per share, from the revenue of $ 358.73 million. The quarterly earnings contracted 7.41 percent compared with the same quarter last year. Street analysts expected PagSeguro Digital Ltd. to report income of $ 0.21 per share on revenue of $ 269.39 million for the first quarter. The bottom line results beat street analysts by $ 0.04 or 19.05 percent, at the same time, top line results outshined analysts by $ 89.34 million or 33.16 percent.
Stock Performance
Shares of PagSeguro Digital Ltd. traded low $ -0.56 or -1.25 percent on Wednesday, reaching $ 44.19 with volume of 1.72 million shares. PagSeguro Digital Ltd. has traded high as $ 45.46 and has cracked $ 43.98 on the downward trend
The closing price of $ 44.19, representing a 229.53 % increase from the 52 week low of $ 13.58 and a 16.12 % decrease over the 52 week high of $ 53.35.
The company has a market capital of $ 14.49 billion and is part of the Technology sector and Software – Infrastructure industry.
Conference Call
PagSeguro Digital Ltd. will be hosting a conference call at 5:30 PM eastern time on 27th August 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, +1 (844) 204-8942 (United States) or +1 (412) 717-9627 (International), with passcode : PagSeguro in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/pagseguro/mediaframe/39297/indexl.html
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The companys products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
