FOUR Stock Recent News

Shift4 Payments (FOUR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Here is how Shift4 Payments (FOUR) and Clean Harbors (CLH) have performed compared to their sector so far this year.

Shift4 Payments is a payment processing company with revenue from processing fees and subscription revenue, which is growing faster than payments revenue. The company has diversified its client base beyond restaurants to include retail, hotels, sports stadiums, and resorts. Shift4 Payments is showing promise in the restaurant vertical and has potential for expansion into other industries domestically and internationally.

Consideration of C$1.50 per share, representing a 64% premium to Givex's 20-day VWAP All-cash Transaction provides immediate liquidity and certainty of value to Givex Shareholders Givex's Board and Special Committee have unanimously approved the Transaction Givex's directors, executive officers and significant shareholders, which together represent 57.4% of the Givex Shares outstanding, have entered into voting support agreements in favour of the Transaction TORONTO , Aug. 26, 2024 /PRNewswire/ - Givex Corp. (TSX: GIVX) (OTCQX: GIVXF) – ("Givex" or the "Company") announced today that it has entered into a definitive arrangement agreement ("Arrangement Agreement") with Shift4 Payments, Inc. ("Shift4") pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex ("Givex Shares"), by way of a statutory plan of arrangement ("Plan of Arrangement") under the Business Corporations Act (Ontario) ("Transaction"). Under the terms of the Arrangement Agreement

As the quarter winds down, investors can look at 13-F filings to determine what the best minds on Wall Street are planning for the coming months. The Securities and Exchange Commission (SEC) requires these filings whenever an individual investor or fund holds a significant enough stake in any given stock, so this is a regular filing for big players like Warren Buffett.

The payment processing firm is new to IBD Sector Leaders.

Shift4 Payments, Inc. (NYSE:FOUR ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Thomas McCrohan - Executive Vice President of Investor Relations Jared Isaacman - Chief Executive Officer Taylor Lauber - President & Chief Strategy Officer Nancy Disman - Chief Financial Officer Conference Call Participants Darrin Peller - Wolfe Research Dan Dolev - Mizuho Timothy Chiodo - UBS Will Nance - Goldman Sachs Operator Greetings. Welcome to the Shift4 Second Quarter 2024 Earnings Call.

Although the revenue and EPS for Shift4 Payments (FOUR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Shift4 Payments (FOUR) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.74 per share a year ago.

Shift4 Payments (FOUR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.