Parabolic rise before quadpay report, page-219

Zip soars as Citi says Q1 update could surprise

Robert Guy
Zip Co is up 5 per cent as investors await a first quarter trading update from the buy now pay later provider.
Quarterly updates from Sezzle and Splitit last week sparked a strong performance for their share prices.
Citi opened a "catalyst watch" on Zip Co on a belief the company could deliver better than expected first quarter results.
While the broker has concerns over the medium-term growth outlook and margins for Zip's international business, its analysis of user metrics points to a solid first quarter, especially for Quadpay in the US.
Citi is 6 per cent above consensus estimates on a full year revenue basis.
The broker sees the share price reacting positively to its first quarter trading update and a likely upgrade to consensus revenue estimates.
Its analysis of web data shows a record month for Quadpay after adding GameStop to its roster of retailers.
The addition of the video game retailer drove a record month for Quadpay, with website visits up 55 per cent month-on-month and Android app downloads increased 54 per cent to 166,000.