Why Is Global Payments Stock Diving On Wednesday?
Global Payments Inc. (NYSE:GPN) shares are trading lower on Wednesday following the company’s investor conference, in which it guided FY25 EPS growth below estimates.
The company forecasted adjusted EPS growth of approximately 10% for FY25, compared to a Wall Street growth estimate of 12.9%.
The company expects mid-single-digit percentage growth in adjusted net revenue for FY25, while analysts project 6.9% growth.
Apart from this, for 2026-2027, the company anticipates adjusted revenue growth in mid-to high-single-digit and adjusted EPS growth in low-teens.
The company expects operational transformation initiatives to unlock over $500 million in adjusted run-rate operating income benefits by the first half of 2027.
CFO Josh Whipple stated, “We consider 2025 to be a transition year.”
Cameron Bready, chief executive officer said, “In Merchant Solutions, we are fully unifying our business worldwide. We will harmonize products and capabilities, including our POS solutions under a common brand, Genius, and leverage our vast distribution channels to extend them globally.”
“We are prioritizing …
Full story available on Benzinga.com