Flywire Analysts Slash Their Forecasts After Q3 Outcomes

Flywire Company FLYW posted a revenue for its third quarter on Tuesday.

Flywire posted earnings of 8 cents per share for the third quarter, versus a year-ago lack of 4 cents per share. The corporate’s income got here in at $123.3 million versus estimates of $122.07 million.

Flywire mentioned it sees FY23 income of $394.1 million to $399.3 million, versus estimates of $385.17 million.

Flywire additionally mentioned it has acquired StudyLink, an modern supplier of worldwide pupil admissions, software and agent administration software program serving universities all through Australia.

Flywire shares fell 26.9% to commerce at $20.23 on Wednesday.

These analysts made adjustments to their worth targets on Flywire following earnings announcement.

• Raymond James slashed the value goal on Flywire from $44 to $35. Raymond James analyst John Davis maintained a Robust Purchase ranking.
• Goldman Sachs lower the value goal on Flywire from $37 to $33. Goldman Sachs analyst Will Nance maintained a Purchase ranking.
• Wells Fargo lowered the value goal on Flywire from $35 to $33. Wells Fargo analyst Jeff Cantwell maintained an Obese ranking.
• Truist Securities lower the value goal on Flywire from $40 to $33. Truist Securities analyst Andrew Jeffrey maintained a Purchase ranking.

Now Learn This: Disney Gears Up For This autumn Print; These Most Correct Analysts Revise Forecasts Forward Of Earnings Name