Shift4 Payments FY24 Outlook: End-to-End Payment Volume $167B - $175B (Prior $167B - $183B), Reiterated Gross Revenue Less Network Fees $1.30B - $ 1.35B
Portfolio Pulse from Benzinga Newsdesk
Shift4 Payments has updated its FY24 outlook, narrowing its end-to-end payment volume forecast to $167B - $175B from the previous range of $167B - $183B, while maintaining its gross revenue less network fees projection at $1.30B - $1.35B.
May 09, 2024 | 11:19 am
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Shift4 Payments narrows its FY24 payment volume forecast but keeps revenue projections steady.
The adjustment in the forecasted payment volume range, with a slight reduction at the upper end, suggests a more precise expectation of future performance. However, maintaining the gross revenue less network fees projection indicates stability in the company's revenue outlook. This mixed signal could lead to a neutral short-term impact on the stock price, as investors may weigh the narrowed payment volume forecast against the steady revenue projections.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100