In its upcoming report, Shift4 Payments (FOUR) is predicted by Wall Street analysts to post quarterly earnings of $1.27 per share, reflecting an increase of 32.3% compared to the same period last year. Revenues are forecasted to be $411.76 million, representing a year-over-year increase of 28.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Shift4 Payments metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Gross Revenue- Subscription and other revenues' should arrive at $96.43 million. The estimate indicates a year-over-year change of +35.4%.
Analysts expect 'Gross Revenue- Payments-based revenue' to come in at $902.78 million. The estimate indicates a year-over-year change of +19.5%.
Analysts forecast 'End-to-End Payment Volume' to reach $51.83 billion. Compared to the current estimate, the company reported $40.10 billion in the same quarter of the previous year.
View all Key Company Metrics for Shift4 Payments here>>>
Shares of Shift4 Payments have demonstrated returns of +0.1% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #4 (Sell), FOUR is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Shift4 Payments, Inc. (FOUR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
