Global Payments Inc reports results for the quarter ended March 31 - Earnings Summary

• Global Payments Inc GPN.N reported quarterly adjusted earnings of $2.69​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.59. The mean expectation of twenty eight analysts for the quarter was for earnings of $2.72 per share. Wall Street expected results to range from $2.61 to $2.83 per share.

• Revenue rose 1% to $2.20 billion from a year ago; analysts expected $2.20 billion.

• Global Payments Inc's reported EPS for the quarter was $1.24​.

• The company reported quarterly net income of $305.73 million.

• Global Payments Inc shares had fallen by 19.1% this quarter and lost 29.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy," 19 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for Global Payments Inc is $100.00

This summary was machine generated from LSEG data May 6 at 01:32 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)