The upcoming report from Global Payments (GPN) is expected to reveal quarterly earnings of $2.68 per share, indicating an increase of 3.5% compared to the year-ago period. Analysts forecast revenues of $2.2 billion, representing an increase of 0.7% year over year.
Over the last 30 days, there has been a downward revision of 2.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
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 investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Global Payments metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Non-Gaap Revenues- Merchant Solutions' should come in at $1.68 billion. The estimate suggests a change of +0.1% year over year.
Analysts predict that the 'Non-Gaap Revenues- Issuer Solutions' will reach $528.21 million. The estimate indicates a year-over-year change of +2.4%.
The average prediction of analysts places 'Revenues- Issuer Solutions' at $607.50 million. The estimate suggests a change of +0.8% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Merchant Solutions' of $1.82 billion. The estimate suggests a change of -0.5% year over year.
Analysts forecast 'Geographic Revenue- Europe' to reach $399.04 million. The estimate indicates a year-over-year change of +3.7%.
Analysts' assessment points toward 'Geographic Revenue- Americas' reaching $1.95 billion. The estimate indicates a change of -1.4% from the prior-year quarter.
It is projected by analysts that the 'Geographic Revenue- Asia Pacific' will reach $60.09 million. The estimate indicates a change of -0.4% from the prior-year quarter.
The consensus estimate for 'Non-Gaap Operating Income- Merchant Solutions' stands at $802.11 million. Compared to the current estimate, the company reported $790.41 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Non-Gaap Operating Income- Issuer Solutions' should arrive at $246.04 million. Compared to the present estimate, the company reported $241.40 million in the same quarter last year.
The consensus among analysts is that 'Operating Income- Merchant Solutions' will reach $599.26 million. The estimate compares to the year-ago value of $580.44 million.
The combined assessment of analysts suggests that 'Operating Income- Issuer Solutions' will likely reach $109.78 million. Compared to the present estimate, the company reported $106.10 million in the same quarter last year.
View all Key Company Metrics for Global Payments here>>>
Shares of Global Payments have demonstrated returns of -23.4% over the past month compared to the Zacks S&P 500 composite's -0.7% change. With a Zacks Rank #3 (Hold), GPN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Global Payments Inc. (GPN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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