Global Payments Earnings Preview

Global Payments (NYSE:GPN) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Global Payments to report an earnings per share (EPS) of $3.13.

The market awaits Global Payments's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

Last quarter the company beat EPS by $0.02, which was followed by a 4.62% increase in the share price the next day.

Here's a look at Global Payments's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.91

2.57

2.64

2.71

EPS Actual

2.93

2.59

2.65

2.75

Price Change %

5.0%

1.0%

-1.0%

3.0%

Stock Performance

Shares of Global Payments were trading at $101.76 as of October 28. Over the last 52-week period, shares are down 8.25%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Take on Global Payments

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Global Payments.

A total of 20 analyst ratings have been received for Global Payments, with the consensus rating being Outperform. The average one-year price target stands at $134.3, suggesting a potential 31.98% upside.

Comparing Ratings Among ...