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Analysts overwhelming consider S&P Global a buy. Global Payments stock is projected to increase 23% over the next 12 months.
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The international drive to end the dollar's dominance has suffered a blow, with the greenback's role in global payments hitting a record high. SWIFT data showed as much as 46% of foreign-exchange payments in July via the messaging system involved the dollar.
Global Payments Inc. is a payment technology and software solutions company with a market capitalization of $32 billion. The stock has surged nearly 15% since second quarter results were posted on August 1st. The company is projected to have high single-digit sales growth in FY2023 and FY2024, with expected EPS of $10.38 and $11.85 respectively.
Increasing sales figures and vertical market growth will likely aid Global Payments' (GPN) Merchant Solutions business in 2023.
The fintech beat on both the top and bottom lines in its second quarter. That wasn't the best part of its earnings release, though.
Global Payments' (GPN) adjusted EPS is anticipated to lie between $10.35 and $10.44 for 2023, up 11% to 12% from the year-ago figure.
Although the revenue and EPS for Global Payments (GPN) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Global Payments (GPN) came out with quarterly earnings of $2.62 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $2.36 per share a year ago.
Shares of Global Payments Inc. GPN, +1.25% rose 0.9% in premarket trading Tuesday, after the payments technology company reported second-quarter earnings that beat expectations and nudged up its full-year outlook. The company swung to net income of $274.1 million, or $1.05 a share, from a loss of $673.0 million, or $2.42 a share, in the year-ago period.