Global Payments (NYSE: GPN ) is expected to report Q2 earnings on Jan. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Global Payments's revenues will grow 7.8% and EPS will increase 11.5%.
The average estimate for revenue is $572.0 million. On the bottom line, the average EPS estimate is $0.87.
Last quarter, Global Payments notched revenue of $590.3 million. GAAP reported sales were 8.8% higher than the prior-year quarter's $542.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.87. GAAP EPS of $0.59 for Q1 were 25% lower than the prior-year quarter's $0.79 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 65.4%, 70 basis points better than the prior-year quarter. Operating margin was 17.7%, 230 basis points worse than the prior-year quarter. Net margin was 7.9%, 390 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.39 billion. The average EPS estimate is $3.63.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 239 members out of 266 rating the stock outperform, and 27 members rating it underperform. Among 91 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 85 give Global Payments a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Global Payments is outperform, with an average price target of $49.48.
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