We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Global Payments (GPN) Reports Q2 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Global Payments (GPN - Free Report) reported $2.32 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.5%. EPS of $2.93 for the same period compares to $2.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.31 billion, representing a surprise of +0.40%. The company delivered an EPS surprise of +0.69%, with the consensus EPS estimate being $2.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
Geographic Revenue- Europe
: $434.38 million compared to the $422.04 million average estimate based on two analysts. The reported number represents a change of +7.5% year over year.
Geographic Revenue- Americas
: $2.07 billion versus $2.05 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.
Geographic Revenue- Asia Pacific
: $61.81 million versus $64.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.
Non-Gaap Revenues- Merchant Solutions
: $1.81 billion versus the seven-analyst average estimate of $1.80 billion. The reported number represents a year-over-year change of +7.8%.
Non-Gaap Revenues- Intersegment Elimination
: -$14.99 million versus the seven-analyst average estimate of -$16.90 million. The reported number represents a year-over-year change of -18.5%.
Non-Gaap Revenues- Issuer Solutions
: $526.49 million versus the seven-analyst average estimate of $534.21 million. The reported number represents a year-over-year change of +4.2%.
Revenues- Intersegment Elimination
: -$15.77 million compared to the -$15.25 million average estimate based on two analysts. The reported number represents a change of -18.3% year over year.
Revenues- Issuer Solutions
: $613.51 million compared to the $627.29 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.
Revenues- Merchant Solutions
: $1.97 billion versus the two-analyst average estimate of $1.92 billion. The reported number represents a year-over-year change of -99.9%.
Non-Gaap Operating Income- Corporate
: -$81.07 million versus the five-analyst average estimate of -$79.64 million.
Non-Gaap Operating Income- Issuer Solutions
: $246.62 million compared to the $249.58 million average estimate based on five analysts.
Non-Gaap Operating Income- Merchant Solutions
: $884.77 million versus $871.02 million estimated by five analysts on average.
Shares of Global Payments have returned -2.9% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Global Payments (GPN) Reports Q2 Earnings: What Key Metrics Have to Say
Global Payments (GPN - Free Report) reported $2.32 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 5.5%. EPS of $2.93 for the same period compares to $2.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.31 billion, representing a surprise of +0.40%. The company delivered an EPS surprise of +0.69%, with the consensus EPS estimate being $2.91.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
View all Key Company Metrics for Global Payments here>>>Geographic Revenue- Europe
: $434.38 million compared to the $422.04 million average estimate based on two analysts. The reported number represents a change of +7.5% year over year.Geographic Revenue- Americas
: $2.07 billion versus $2.05 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.5% change.Geographic Revenue- Asia Pacific
: $61.81 million versus $64.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.Non-Gaap Revenues- Merchant Solutions
: $1.81 billion versus the seven-analyst average estimate of $1.80 billion. The reported number represents a year-over-year change of +7.8%.Non-Gaap Revenues- Intersegment Elimination
: -$14.99 million versus the seven-analyst average estimate of -$16.90 million. The reported number represents a year-over-year change of -18.5%.Non-Gaap Revenues- Issuer Solutions
: $526.49 million versus the seven-analyst average estimate of $534.21 million. The reported number represents a year-over-year change of +4.2%.Revenues- Intersegment Elimination
: -$15.77 million compared to the -$15.25 million average estimate based on two analysts. The reported number represents a change of -18.3% year over year.Revenues- Issuer Solutions
: $613.51 million compared to the $627.29 million average estimate based on two analysts. The reported number represents a change of +3.9% year over year.Revenues- Merchant Solutions
: $1.97 billion versus the two-analyst average estimate of $1.92 billion. The reported number represents a year-over-year change of -99.9%.Non-Gaap Operating Income- Corporate
: -$81.07 million versus the five-analyst average estimate of -$79.64 million.Non-Gaap Operating Income- Issuer Solutions
: $246.62 million compared to the $249.58 million average estimate based on five analysts.Non-Gaap Operating Income- Merchant Solutions
: $884.77 million versus $871.02 million estimated by five analysts on average.Shares of Global Payments have returned -2.9% over the past month versus the Zacks S&P 500 composite's -5.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.