Shift4 Payments Inc Up 2.9% To $74.26 After Earnings Miss

Tuesday, February 27, 2024 - Shift4 Payments Inc (FOUR) reported downside earnings and revenues today.

Wall Street earnings per share (EPS) projections for Shift4 Payments Inc were at $0.82. The company missed those estimates with an EPS of $0.76. The earnings per share of $0.76 (which represents a -7% EPS surprise) led to the company's profits rising 62% compared to last year when the firm reported an EPS of $0.47. The increase in Shift4 Payments Inc's annual growth rate represents how the business is performing well amid recent economic conditions.

Revenues were downbeat at $705.4 million. That is an increase of 31.19% in revenues from the year-ago report and is 6.91% lower than consensus estimates set at $757.8 million.

The stock is up 2.9% to $74.26 after the report.

Shift4 Payments Inc's earnings expanded faster than revenues, signaling widening profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Shift4 Payments Inc a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 58. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Shift4 Payments Inc is provider of integrated payment processing and technology solutions. The company offers software providers a single integration to an end-to-end payments offering, a powerful gateway and a robust suite of technology solutions (including cloud enablement, business intelligence, analytics, and mobile) to enhance the value of their software suites and simplify payment acceptance. The Shift4 Model is built to serve a range of merchants from small-to-medium-sized businesses to large and complex enterprises across numerous verticals, including lodging, leisure, and food and beverage.