Deutsche Bank analysts provided their views on PayPal Holdings, Inc. (NASDAQ:PYPL) ahead of the upcoming Q3 earnings, scheduled to be announced on Nov 3.
The analysts expect the company to deliver Q3 revenue growth of approximately 9% year-over-year and EPS of $0.94 driven by around 9.8% year-over-year TPV growth.
The analysts see potential EPS upside in the quarter led by strong cost control and operating leverage which should continue into fiscal 2023. Additionally, the analysts believe eComm volumes have rebounded materially in Q3/22 to an estimated high single/low double-digit level from low single digits in H1/22.
However, the analysts have seen some projections for slowing eComm growth in Q4/22 which could potentially weigh on Q4 revenue guidance.
