Global Payments Inc reports results for the quarter ended in January - Earnings Summary

• Global Payments Inc GPN reported quarterly adjusted earnings of $2.59​​ per share for the quarter ended in January, higher than the same quarter last year, when the company reported EPS of $2.40. The mean expectation of thirty analysts for the quarter was for earnings of $2.57 per share. Wall Street expected results to range from $2.48 to $2.64 per share.

• Revenue rose 6.6% to $2.18 billion from a year ago; analysts expected $2.18 billion.

• Global Payments Inc's reported EPS for the quarter was $1.22​.

• The company reported quarterly net income of $313.31 million.

• Global Payments Inc shares had fallen by 8.1% this quarter and lost 3.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Global Payments Inc is $159.00

This summary was machine generated from LSEG data May 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)