Global Payments Third Quarter 2024 Earnings: EPS Misses Expectations

Global Payments (NYSE:GPN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.60b (up 5.1% from 3Q 2023).
• Net income: US$315.1m (down 13% from 3Q 2023).
• Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.24 (down from US$1.39 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Global Payments EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Global Payments you should know about.

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