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Global Payments (GPN) Stock Moves -0.93%: What You Should Know
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Global Payments (GPN - Free Report) closed at $139.50 in the latest trading session, marking a -0.93% move from the prior day. This change was narrower than the S&P 500's 1.22% loss on the day. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.53%.
Prior to today's trading, shares of the electronics payment processing company had gained 5.44% over the past month. This has outpaced the Business Services sector's loss of 24.14% and the S&P 500's loss of 6.58% in that time.
Wall Street will be looking for positivity from Global Payments as it approaches its next earnings report date. The company is expected to report EPS of $2.12, up 17.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.97 billion, up 12.69% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Global Payments. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.71% lower. Global Payments is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Global Payments is holding a Forward P/E ratio of 14.73. Its industry sports an average Forward P/E of 16.06, so we one might conclude that Global Payments is trading at a discount comparatively.
Also, we should mention that GPN has a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GPN's industry had an average PEG ratio of 1.1 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Global Payments (GPN) Stock Moves -0.93%: What You Should Know
Global Payments (GPN - Free Report) closed at $139.50 in the latest trading session, marking a -0.93% move from the prior day. This change was narrower than the S&P 500's 1.22% loss on the day. At the same time, the Dow lost 0.19%, and the tech-heavy Nasdaq lost 0.53%.
Prior to today's trading, shares of the electronics payment processing company had gained 5.44% over the past month. This has outpaced the Business Services sector's loss of 24.14% and the S&P 500's loss of 6.58% in that time.
Wall Street will be looking for positivity from Global Payments as it approaches its next earnings report date. The company is expected to report EPS of $2.12, up 17.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.97 billion, up 12.69% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Global Payments. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.71% lower. Global Payments is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Global Payments is holding a Forward P/E ratio of 14.73. Its industry sports an average Forward P/E of 16.06, so we one might conclude that Global Payments is trading at a discount comparatively.
Also, we should mention that GPN has a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. GPN's industry had an average PEG ratio of 1.1 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.