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Valued at a market cap of $26.2 billion, Global Payments Inc. (GPN) provides payment technology and software solutions for card, check, and digital-based payments and also offers payroll, HR, and employee payment solutions. The Atlanta, Georgia-based company distinguishes itself by providing tailored software and expertise for various industries and is expected to announce its fiscal Q3 earnings results on Tuesday, Oct. 29.
Ahead of this event, analysts expect the fintech company to report a profit of $2.98 per share, up 8.4% from $2.75 per share in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in the last four quarters. Its adjusted earnings per share for the last quarter outpaced the consensus estimates by 1.5%. The outperformance can be attributed to growth in transaction volumes and a rise in traditional accounts in the issuer solutions segment coupled with 40 basis points (bps) improvement in the adjusted operating margin.
