FlexShopper, Inc. (NASDAQ:FPAY) is reporting second quarter earnings results on Monday 10th August 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.01 per share.
For the full year, analysts predict revenues of $ 93.52 million, while looking forward to loss of $ 0.06 per share.
Previous Quarter Performance
FlexShopper, Inc. posted loss for the first quarter of $ 0.06 per share, from the revenue of $ 24.84 million. The quarterly revenues surged 9.28 percent compared with the same quarter last year. Wall street analysts are predicting, FPAY to report 1Q20 loss of $ 0.02 per share from revenue of $ 23.54 million. The bottom line results missed street analysts by $ 0.04 or 200 percent, at the same time, top line results outshined analysts by $ 1.30 million or 5.52 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FPAY was $ 1.67, representing a 75.79 % increase from the 52 week low of $ 0.95 and a 48.14 % decrease over the 52 week high of $ 3.22.
The company has a market capital of $ 35.66 million and is part of the Financial Services sector and Credit Services industry.
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FlexShopper, Inc., through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The company provides residential furniture, consumer electronics, computers, appliances, household accessories, and various other durable goods to consumers on a LTO basis to consumers of third-party retailers and e-tailers. It offers products through FlexShopper.com, an LTO e-commerce marketplace; e-commerce sites and in-store terminals by utilizing FlexShoppers patented LTO payment method; and facilitation of LTO transactions with retailers.
