Citi says Global Payments delivered Q3 net revenues and earnings slightly above expectations while overcoming worsening currency. The company also reiterated sales expectations and raised the mid-point of the earnings outlook modestly, the analyst tells investors in a research note. The firm says that while Global Payments’ cash performance has been affected in 2023 by certain tax items, its underlying cash generation “remains robust.” The stock remains one of the analyst’s top ideas.
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Read More on GPN:
- Global Payments price target lowered to $180 from $208 at BMO Capital
- Global Payments (NYSE:GPN) Snaps Up on Improved Outlook
- Global Payments raises FY23 EPS view to $10.39-$10.45 from $10.32-$10.44
- Global Payments reports Q3 adjusted EPS $2.75, consensus $2.71
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