Global Payments (GPN - Free Report) reported $2.05 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 5%. EPS of $2.40 for the same period compares to $2.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2 billion, representing a surprise of +2.33%. The company delivered an EPS surprise of +4.35%, with the consensus EPS estimate being $2.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Global Payments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-Gaap- Revenues- Merchant Solutions: $1.46 billion compared to the $1.42 billion average estimate based on six analysts. The reported number represents a change of +8.9% year over year.
- Non-Gaap- Revenues- Business and Consumer Solutions: $129.24 million versus the five-analyst average estimate of $119.66 million. The reported number represents a year-over-year change of -34%.
- Non-Gaap- Revenues- Intersegment Elimination: -$26.39 million compared to the -$20.71 million average estimate based on five analysts.
- Non-Gaap- Revenues- Issuer Solutions: $490.22 million compared to the $485.81 million average estimate based on five analysts. The reported number represents a change of +10.8% year over year.
- Non-Gaap- Operating Income- Corporate: -$78.33 million versus the four-analyst average estimate of -$69.40 million.
- Non-Gaap- Operating income- Business and Consumer Solutions: $57.32 million versus $46.93 million estimated by four analysts on average.
- Non-Gaap- Operating income- Issuer Solutions: $215.24 million compared to the $219.80 million average estimate based on four analysts.
- Non-Gaap- Operating income- Merchant Solutions: $688.28 million compared to the $670.48 million average estimate based on four analysts.
View all Key Company Metrics for Global Payments here>>>Shares of Global Payments have returned +7.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Global Payments (GPN - Free Report) reported $2.05 billion in revenue for the quarter ended March 2023, representing a year-over-year increase of 5%. EPS of $2.40 for the same period compares to $2.07 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2 billion, representing a surprise of +2.33%. The company delivered an EPS surprise of +4.35%, with the consensus EPS estimate being $2.30.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Global Payments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-Gaap- Revenues- Merchant Solutions: $1.46 billion compared to the $1.42 billion average estimate based on six analysts. The reported number represents a change of +8.9% year over year.
- Non-Gaap- Revenues- Business and Consumer Solutions: $129.24 million versus the five-analyst average estimate of $119.66 million. The reported number represents a year-over-year change of -34%.
- Non-Gaap- Revenues- Intersegment Elimination: -$26.39 million compared to the -$20.71 million average estimate based on five analysts.
- Non-Gaap- Revenues- Issuer Solutions: $490.22 million compared to the $485.81 million average estimate based on five analysts. The reported number represents a change of +10.8% year over year.
- Non-Gaap- Operating Income- Corporate: -$78.33 million versus the four-analyst average estimate of -$69.40 million.
- Non-Gaap- Operating income- Business and Consumer Solutions: $57.32 million versus $46.93 million estimated by four analysts on average.
- Non-Gaap- Operating income- Issuer Solutions: $215.24 million compared to the $219.80 million average estimate based on four analysts.
- Non-Gaap- Operating income- Merchant Solutions: $688.28 million compared to the $670.48 million average estimate based on four analysts.
View all Key Company Metrics for Global Payments here>>>Shares of Global Payments have returned +7.1% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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