- Adjusted EPS Beats Estimates: $2.93 vs. $2.62 year over year (y/y), surpassing the estimate of $2.91.
- Adjusted Net Revenue: Achieved $2.32 billion, an increase of 5.5% y/y, meeting the estimate of $2.32 billion.
- Merchant Solutions Adjusted Revenue: Reached $1.81 billion, an increase of 7.8% y/y, exceeding the estimate of $1.79 billion.
- Issuer Solutions Adjusted Revenue: Recorded $526.5 million, a growth of 4.2% y/y, slightly below the estimate of $528.8 million.
- Business and Consumer Solutions Adjusted Revenue: Reported $0, a significant drop from $33.8 million y/y.
- Operating Margin Outlook: Annual adjusted operating margin for 2024 is expected to expand by up to 50 basis points.
- Revenue Growth Excluding Netspend: High single-digit adjusted net revenue growth and double-digit adjusted earnings per share growth in Q2.
- Economic Environment Outlook: Potential for a slightly more tempered economic environment in H2 2024.
- Full-Year Revenue Projections: Adjusted net revenue expected to range from $9.17 billion to $9.30 billion, reflecting growth of 6% to 7%.
- Adjusted EPS Projections for 2024: Expected in the range of $11.54 to $11.70, reflecting growth of 11% to 12% over 2023.
- Strategic Focus: Results reflect a strong performance and successful execution of strategy as a worldwide partner for commerce solutions.
- Analyst Ratings: 28 buys, 7 holds, and 2 sells.
Global Payments on Smartkarma
Global Payments Inc. has garnered positive analyst coverage on Smartkarma, with reports from Baptista Research shedding light on the company’s recent financial performance and strategic moves. According to Baptista Research‘s report titled “Global Payments Inc.: Will The Healthy Booking Trends in Vertical Market Businesses Last? – Major Drivers,” Global Payments Inc. exceeded expectations in its first quarter 2024 financial results. The company saw a 7% adjusted net revenue growth and significant margin expansion, propelled by strong consumer trends and partnerships in vertical markets and point-of-sale sectors. This report reflects a bullish sentiment towards Global Payments‘ performance and growth prospects.
Another report by Baptista Research, titled “Global Payments Inc: What Is The Strategic Portfolio Pruning That They Are Carrying Out? – Major Drivers,” highlighted Global Payments‘ strong fourth quarter and full-year performance in 2023. Despite the divestiture of its Netspend Consumer business earlier in the year, the company achieved high single-digit adjusted net revenue growth and a 12% increase in adjusted earnings per share, surpassing initial expectations. This report underscores the positive outlook on Global Payments‘ strategic decisions and financial achievements, indicating continued confidence from analysts in the company’s trajectory.
A look at Global Payments Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 2 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 2 | |
OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts utilizing the Smartkarma Smart Scores for Global Payments have provided a positive long-term outlook for the company. With a high score in value and growth, Global Payments is seen as a strong player in the electronic transaction processing sector. The company’s ability to deliver value to investors and its potential for sustainable growth are key factors contributing to its favorable overall outlook.
Despite scoring lower in areas such as dividend, resilience, and momentum, Global Payments‘ fundamental strengths in value and growth suggest a promising future. As a provider of electronic transaction processing, information systems, and services to a wide range of sectors worldwide, including financial, corporate, government, and merchant communities, Global Payments is firmly positioned for long-term success in the evolving digital economy.
Summary of Global Payments: Global Payments Inc. provides electronic transaction processing, information systems, and services to various sectors worldwide, including financial, corporate, government, and merchant communities. They offer funds transfer, merchant services, merchant accounting, Internet services, and other related services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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