Why Is Global Payments Stock Diving On Wednesday?
Portfolio Pulse from Lekha Gupta
Global Payments Inc. (NYSE:GPN) shares fell after the company forecasted FY25 EPS growth below Wall Street estimates. Analysts downgraded the stock and lowered price targets due to the company's lower-than-expected growth outlook.
September 25, 2024 | 6:46 pm
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Global Payments Inc. shares dropped due to lower-than-expected FY25 EPS growth guidance. Analysts downgraded the stock and reduced price targets, reflecting concerns over the company's growth outlook.
The company's guidance for FY25 EPS growth of 10% was below the Wall Street estimate of 12.9%, leading to a negative market reaction. Several analysts downgraded the stock and lowered price targets, indicating a lack of confidence in the company's growth prospects. This is likely to exert downward pressure on the stock price in the short term.
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