3Pea International (TPNL) Stock: Gaining On 2019 Guidance

0

3Pea International Inc (NASDAQ: TPNL) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced guidance for 2019, exciting investors and sending the stock screaming for the top. Today, we’ll talk about:

  • The guidance announcement;
  • what we’re seeing from TPNL stock as a result; and
  • what we’ll be watching for ahead. 

TPNL Announces 2019 Financial Guidance

As mentioned above, 3PEA International is having a strong start to the trading session this morning after the company announced its guidance for the full 2019 year. 

In a press release issued early this morning, TPNL said that it is expecting for 2019 revenue to come in between $38 million and $40 million. Should this take place, the year over year increase would clock in between 63% and 72%. 

While the final earnings report for 2018 is not available, the company provided full 2018 revenue guidance with expectations of revenue coming in between $22.75 and $23.75 million. 

In a statement, Mark Newcomer, CEO at TPNL, had the following to offer:




We expect 2019 to be another robust year of revenue and earnings growth for 3PEA. In 2018, we were successful in entering new industry verticals, and the results of our efforts will begin to be recognized in the first quarter of 2019. Furthermore, we expect to see continued improvement of our gross margins driven by operational improvements and a favorable product mix.

What We’re Seeing From The Stock 

One of the first lessons that we learn when we start to work in the market is that the news leads to moves. When it comes to 3PEA International, the news proved to be overwhelmingly positive. Not only did the company announced guidance, the guidance shows that the company is expecting for 2019 to be a hit. So, it’s not surprising that excited investors are pushing the stock on a run for the top this morning. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. Currently (11:29), TPNL is trading at $5.70 per share after a gain of $0.78 per share or 15.85% thus far today. 

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on TPNL. In particular, we’re interested in following the story surrounding the company’s continued work to show investors growth in both the top and bottom line. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!
* indicates required


LEAVE A REPLY

Please enter your comment!
Please enter your name here