Global Payments Inc. (NYSE:GPN) is trading up 36.26% versus 12-month low of 58.08 and stands -2.97% lower from its 1-year peak of $81.56. The consensus price target (PT) of $87.08 means that the market expects Company shares to increase by 9.3% in the short run. The sell-side target prices range from $70 to $103. In the last month the stock has moved in price 0.09%, with a one year change of 32.35%. The last trading session volume compares with the 1.30M average and market worth floats around 12.13B.
Global Payments Inc. (NYSE:GPN) fell -0.67% to reach at the trading price of $79.14 as it is set to release its next quarterly earnings report on April 12, 2017. Global Payments Inc. stock trades in the range of $78.79 to $80.28 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0 a share with $3.38B in revenue.
Global Payments Inc. (GPN) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Global Payments Inc. to earn $0 per share (EPS) on revenue of $3.38B. The EPS consensus range is $0-$0 on revenue between $3.43B and $3.27B.
While if we look at the Earnings Track Record, Global Payments Inc. (GPN) managed to surpass quarterly earnings per share estimates in of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of . Last time the company reported, Global Payments Inc. (GPN) generated $0.73 in earnings per share, beating the consensus estimate of $0.73. Revenues hit $620.87M in the May 2017 quarter, which was above the consensus $584.39M projection. On the other hand, in the February 2017 quarter the company recorded a net $496.97M revenue with earnings per share of $0.70. Wall Street had anticipated $493.67M and $0.67, respectively. For comparison, there was a revenue of $518.3M and EPS of $0.76 in the November 2016 period.
Global Payments Inc. (NYSE:GPN) Analyst Insights
The buoyancy in the outlook of Global Payments Inc. (GPN) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Reduce. Guggenheim has been covering shares of GPN, so it is most recent view is worth a look. In a research note issued on Nov 15, 2016, analysts at Compass Point lifted the stock to Buy from Neutral. Another noteworthy analyst activity was recorded on Nov 04, 2016. Stifel Analysts lifted the stock to Buy from Hold.