FOUR Stock Recent News

Shift4 Payments' (FOUR) fourth-quarter 2023 earnings and revenues are expected to increase year over year.

Besides Wall Street's top -and-bottom-line estimates for Shift4 Payments (FOUR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Despite consumer credit concerns, Benchmark Managing Director Mark Palmer initiated coverage on five fintech stocks — one of which is Block (SQ) — with Buy ratings. Palmer joins Yahoo Finance Live to discuss why fintech is "a stock picker's sector" right now.

Shift4 Payments (FOUR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Shift4 Payments has a growth runway in the integrated payment and software solutions market, targeting an addressable market of over $3.5 trillion. The company's Q3 results fell short of estimates, but it is well positioned to achieve its guidance of 30-35% gross-revenue growth in 2023. I expect Shift4 to reach its medium-term target of $3.5 billion in gross revenue by 2024, driven by increased volume in new business sectors and offering end-to-end payment processing.

I am bullish on FOUR due to strong execution and profitability growth without risking the balance sheet. The company has significant room for growth, as evidenced by the success of similar companies like Lightspeed Commerce and Toast Inc. FOUR's vertical expansion strategy and partnerships, particularly in the sports and entertainment industry, provide opportunities for further growth and market share expansion.

Shift4 Payments is a payment processor serving over 200,000 business locations across various industries. The stock has seen a significant increase lately fueled by acquisition rumors, but it remains reasonably priced compared to its peers. Analysts are estimating growth will accelerate in 2024 while the company generates increasing free cash flow.

From a technical perspective, Shift4 Payments, Inc. (FOUR) is looking like an interesting pick, as it just reached a key level of support. FOUR's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Only a few cloud stocks are expected to see revenue growth rates accelerate in 2024. We detail for you the four stocks set to accelerate below.

Global Payments might try to buy Shift4 Payments, according to a report that came out today. Shift4's CEO suggested that the company was looking for a buyer earlier this year, which gives credence to today's report.