Global Payments Inc reports results for the quarter ended in September 30 - Earnings Summary

Global Payments

30/10/2024 15:11

* Global Payments Inc  GPN.N  reported quarterly adjusted
earnings
of $3.08​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $2.75.  The mean expectation of twenty nine analysts for the
quarter was for earnings of $3.12 per share. Wall Street
expected results to range from $3.04  to $3.85 per share.
    * Revenue rose 5.6% to $2.36 billion from a year ago;
analysts
expected $2.38 billion. 
    * Global Payments Inc's reported EPS for the quarter was
$1.24​.
    * The company reported quarterly net income of $315.13
million.
    * Global Payments Inc shares had fallen by 3.3% this
quarter and
lost 22.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 22 "strong buy" or "buy," 13
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Global Payments
Inc is 130.00 
This summary was machine generated from LSEG data October 30 at
03:10 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      3.12           3.08           Missed
 Jun. 30 2024      2.90           2.93           Beat
 Mar. 31 2024      2.57           2.59           Beat
 Dec. 31 2023      2.64           2.65           Beat