Global Payments (GPN) Reports Q3 Earnings: What Key Metrics Have to Say

Global Payments (GPN) reported $2.36 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.6%. EPS of $3.08 for the same period compares to $2.75 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.38 billion, representing a surprise of -0.89%. The company delivered an EPS surprise of -0.96%, with the consensus EPS estimate being $3.11.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Global Payments performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Non-Gaap Revenues- Merchant Solutions: $1.84 billion compared to the $1.85 billion average estimate based on seven analysts. The reported number represents a change of +6.7% year over year. Non-Gaap Revenues- Issuer Solutions: $529.04 million versus the seven-analyst average estimate of $546.92 million. The reported number represents a year-over-year change of +1.8%. Non-Gaap Revenues- Intersegment Elimination: -$16.43 million versus -$15.61 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change. Revenues- Merchant Solutions: $2 billion versus $2 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6% change. Revenues- Issuer Solutions: $621.13 million versus the three-analyst average estimate of $633.49 million. The reported number represents a year-over-year change of +2.2%. Revenues- Intersegment Elimination: -$17.24 million versus -$16.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change. Non-Gaap Operating Income- Merchant Solutions: $921.47 million versus the four-analyst average estimate of $915.32 million. Non-Gaap Operating Income- Corporate: -$75.29 million versus the four-analyst average estimate of -$72.53 million. Non-Gaap Operating Income- Issuer Solutions: $240.39 million versus the four-analyst average estimate of $258.79 million. Operating Income- Merchant Solutions: $707.55 million compared to the $676.07 million average estimate based on two analysts. Operating Income- Corporate: -$338.01 million compared to the -$190.97 million average estimate based on two analysts. Operating Income- Issuer Solutions: $106.05 million compared to the $119.35 million average estimate based on two analysts. View all Key Company Metrics for Global Payments here>>>Shares of Global Payments have returned -1.4% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global Payments Inc. (GPN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks