Global Payments Earnings: Everything You Must Know Now

Global Payments Inc. (NYSE:GPN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Global Payments Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.82% to $0.87 in the quarter versus EPS of $0.83 in the year-earlier quarter.

Revenue: Rose 8.46% to $578.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Global Payments Inc. reported adjusted EPS income of $0.87 per share. By that measure, the company missed the mean analyst estimate of $0.89. It missed the average revenue estimate of $580.28 million.

Quoting Management: David Mangum, Senior Executive Vice President and CFO, stated, “Now that the remediation work is behind us, we can turn our undivided attention to driving the business forward. We are grateful to our customers, partners and the card networks for their support as well as the significant efforts of our team.”

Key Stats (on next page)…

Revenue decreased 1.67% from $588.54 million in the previous quarter. EPS decreased 6.45% from $0.93 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.03 to a profit $1.01. For the current year, the average estimate has moved up from a profit of $3.64 to a profit of $3.7 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)