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Global Payments (GPN) Reports Q3 Earnings: What Key Metrics Have to Say
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Global Payments (GPN - Free Report) reported $2.36 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.6%. EPS of $3.08 for the same period compares to $2.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.38 billion, representing a surprise of -0.89%. The company delivered an EPS surprise of -0.96%, with the consensus EPS estimate being $3.11.
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.
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: $1.84 billion compared to the $1.85 billion average estimate based on seven analysts. The reported number represents a change of +6.7% year over year.
Non-Gaap Revenues- Issuer Solutions: $529.04 million versus the seven-analyst average estimate of $546.92 million. The reported number represents a year-over-year change of +1.8%.
Non-Gaap Revenues- Intersegment Elimination: -$16.43 million versus -$15.61 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
Revenues- Merchant Solutions: $2 billion versus $2 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Revenues- Issuer Solutions: $621.13 million versus the three-analyst average estimate of $633.49 million. The reported number represents a year-over-year change of +2.2%.
Revenues- Intersegment Elimination: -$17.24 million versus -$16.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
Non-Gaap Operating Income- Merchant Solutions: $921.47 million versus the four-analyst average estimate of $915.32 million.
Non-Gaap Operating Income- Corporate: -$75.29 million versus the four-analyst average estimate of -$72.53 million.
Non-Gaap Operating Income- Issuer Solutions: $240.39 million versus the four-analyst average estimate of $258.79 million.
Operating Income- Merchant Solutions: $707.55 million compared to the $676.07 million average estimate based on two analysts.
Operating Income- Corporate: -$338.01 million compared to the -$190.97 million average estimate based on two analysts.
Operating Income- Issuer Solutions: $106.05 million compared to the $119.35 million average estimate based on two analysts.
Shares of Global Payments have returned -1.4% over the past month versus the Zacks S&P 500 composite's +1.8% 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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Global Payments (GPN) Reports Q3 Earnings: What Key Metrics Have to Say
Global Payments (GPN - Free Report) reported $2.36 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.6%. EPS of $3.08 for the same period compares to $2.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.38 billion, representing a surprise of -0.89%. The company delivered an EPS surprise of -0.96%, with the consensus EPS estimate being $3.11.
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.
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: $1.84 billion compared to the $1.85 billion average estimate based on seven analysts. The reported number represents a change of +6.7% year over year.
- Non-Gaap Revenues- Issuer Solutions: $529.04 million versus the seven-analyst average estimate of $546.92 million. The reported number represents a year-over-year change of +1.8%.
- Non-Gaap Revenues- Intersegment Elimination: -$16.43 million versus -$15.61 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
- Revenues- Merchant Solutions: $2 billion versus $2 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Revenues- Issuer Solutions: $621.13 million versus the three-analyst average estimate of $633.49 million. The reported number represents a year-over-year change of +2.2%.
- Revenues- Intersegment Elimination: -$17.24 million versus -$16.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change.
- Non-Gaap Operating Income- Merchant Solutions: $921.47 million versus the four-analyst average estimate of $915.32 million.
- Non-Gaap Operating Income- Corporate: -$75.29 million versus the four-analyst average estimate of -$72.53 million.
- Non-Gaap Operating Income- Issuer Solutions: $240.39 million versus the four-analyst average estimate of $258.79 million.
- Operating Income- Merchant Solutions: $707.55 million compared to the $676.07 million average estimate based on two analysts.
- Operating Income- Corporate: -$338.01 million compared to the -$190.97 million average estimate based on two analysts.
- Operating Income- Issuer Solutions: $106.05 million compared to the $119.35 million average estimate based on two analysts.
View all Key Company Metrics for Global Payments here>>>Shares of Global Payments have returned -1.4% over the past month versus the Zacks S&P 500 composite's +1.8% 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.