Shift4 Payments Q2 2024 Adj. EPS $0.96 Beats $0.86 Estimate, Sales $827.000M Miss $857.226M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shift4 Payments (NYSE:FOUR) reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.86. However, sales of $827 million missed the $857.226 million estimate. Sales increased by 29.83% year-over-year.
August 08, 2024 | 11:05 am
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Shift4 Payments reported Q2 2024 adjusted EPS of $0.96, beating the estimate of $0.86. However, sales of $827 million missed the $857.226 million estimate. Sales increased by 29.83% year-over-year.
The positive EPS surprise is offset by the sales miss, leading to a neutral short-term impact on the stock price. The significant year-over-year sales growth is a positive indicator but may not be enough to drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100