PayPal (PYPL) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Shares of PayPal (NASDAQ: PYPL) rose 14.4% in January, according to data provided by S&P Global Market Intelligence. While the rise was encouraging, shares of the digital payments company were still down nearly 33% from a year ago. The somber mood from last year has lifted somewhat as the Federal Reserve has pledged to slow down its interest rate hikes.
PayPal shares have started 2023 off on the right foot, up more than 10% year-to-date. Can a strong earnings release provide more fuel?