Global Payments Inc. (GPN)

[Thompson_AMM]

Global Payments (GPN) Lags Q3 Earnings Estimates

Global Payments (GPN) came out with quarterly earnings of $2.48 per share, missing the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.18 per share a year ago. These figures are adjusted for non-recurring items. Global Payments , which belongs to the Zacks Financial Transaction Services industry, posted revenues of $2.06 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $2 billion. The company has topped consensus revenue estimates two times over the last four quarters. Global Payments shares have lost about 7.3% since the beginning of the year versus the S&P 500's decline of -18.2%.

While Global Payments has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?