Global Payments Expects 2024 Adjusted Net Revenue Of $9.17B-$9.30B Vs. $9.12B Est., And Adjusted EPS Of $11.54-$11.70 Vs. $11.74 Est.
Portfolio Pulse from Benzinga Newsdesk
Global Payments (GPN) projects its 2024 adjusted net revenue to be between $9.17B and $9.30B, surpassing the $9.12B estimate, and adjusted EPS to range from $11.54 to $11.70, slightly below the $11.74 estimate. The company anticipates a 6-7% revenue growth and an 11-12% EPS growth over 2023, with an operating margin expansion of up to 50 basis points. This outlook reflects both the company's positive momentum and a cautious approach to the uncertain economic environment.
February 14, 2024 | 12:01 pm
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Global Payments expects its 2024 adjusted net revenue to outperform estimates with a range of $9.17B-$9.30B and anticipates adjusted EPS to be slightly below expectations at $11.54-$11.70. The company is optimistic about revenue growth of 6-7% and EPS growth of 11-12% over 2023, alongside an operating margin expansion.
The positive revenue forecast exceeding analyst expectations is likely to be viewed favorably by investors, potentially leading to a short-term uptick in GPN's stock price. However, the slightly lower EPS projection compared to estimates might temper some of the enthusiasm, but the overall growth and margin expansion outlook should support investor confidence.
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IMPORTANCE 90
RELEVANCE 100