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Priority Technology Holdings Inc (PRTH)
NASDAQ:PRTH
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.1Last Year’s EPS
-0.1Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -19.38%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with record-breaking revenue growth, significant improvements in adjusted EBITDA, and strong performances across key business segments. However, challenges such as a substantial inventory write-off in the SMB segment, increased interest expenses, and disclosure of a material weakness in internal controls slightly offset these achievements.Company Guidance
During Priority Technology's fourth quarter 2024 earnings call, the company provided guidance for 2025, projecting a top-line revenue growth of 10% to 14%, bringing expected revenues to a range of $965 million to $1 billion. Adjusted EBITDA is anticipated to grow between 8% and 13%, reaching $220 million to $230 million. Despite potential headwinds such as lower interest rates and a challenging macroeconomic environment, the company remains confident in sustaining momentum across its segments due to the value delivered by its unified commerce platform. In 2024, Priority reported a 16% increase in net revenue and a 19% growth in adjusted gross profit, with adjusted EBITDA rising by 21%. The company ended the year with approximately 1.2 million total customer accounts and processed over $130 billion in annual transaction volume, reflecting a strong performance driven by its diverse product offerings in acquiring, payables, and enterprise segments.Record Revenue Growth
Priority Technology achieved the strongest revenue performance in its history for both Q4 and the full year 2024, with net revenue growing by 16%.
Significant EBITDA Improvement
Adjusted EBITDA grew by 21% for the full year 2024, indicating strong operational performance.
Strong Performance in Enterprise Segment
Q4 revenue in the Enterprise segment increased by 27%, driven by strong enrollment trends and an increase in integrated partners.
Positive B2B Segment Growth
B2B segment revenue increased by 10.9% in Q4, with Plastiq revenue up almost 8% and CPX growing by 26%.
Debt Reduction and Financial Flexibility
The company redeemed its preferred stock and made a $10 million prepayment on the term loan balance, improving the capital structure.
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PRTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $9.08 | $7.75 | -14.65% |
| Nov 07, 2024 | $6.64 | $6.63 | -0.15% |
| Aug 08, 2024 | $5.06 | $5.06 | 0.00% |
| May 09, 2024 | $3.48 | $3.54 | +1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Priority Technology Holdings Inc (PRTH) report earnings?
Priority Technology Holdings Inc (PRTH) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Priority Technology Holdings Inc (PRTH) earnings time?
Priority Technology Holdings Inc (PRTH) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRTH EPS forecast?
PRTH EPS forecast for the fiscal quarter 2025 (Q1) is 0.1.
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