PayPal's earnings are on deck after the close with a conference call scheduled for around 5 p.m. ET.
The S&P Capital IQ Consensus calls for Q4 EPS of $1.12 (vs $1.08 a year ago) on sales growth of +12.7% to $6.89 bln.
Guidance for FY21 stands at EPS of approx. $4.60 (down from $4.70 previously) vs. $4.61 S&P Capital IQ Consensus; Looking for FY21 revs growth of ~18%, or approx. $25.3-$25.4 bln (from prior ~20% growth to approx. $25.75 bln) vs. $25.35 bln S&P Capital IQ Consensus.
TPV (total payment volume) growth expected to be in the range of ~33%-34% at current spot rates and ~31%-32% on an FXN basis.
U.S. Venmo users will be able to pay with Venmo on Amazon.com starting in 2022.
TECHS:
Based on the PYPL Feb04 $175 straddle, the options market is currently pricing in a move of ~6% in either direction by weekly expiration (Friday).
PYPL heads into the Q4 print with a nearly $205 bln market cap, trading at about 35.5x forward earnings estimates vs peers Visa (V at 30.5), Mastercard (MA at 37.1x), and Block (SQ at 80x).
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