Why Shift4 Payments Stock Was Up 16% Last Month [Yahoo! Finance]
Shift4 Payments, Inc. Class A (FOUR)
Company Research
Source: Yahoo! Finance
Market Intelligence . The company reported financial results for the first quarter of 2024 on May 9. And while it wasn't necessarily a perfect quarter, investors were still encouraged by the results. In Q1, Shift4 generated gross revenue of over $700 million, which was up 29% year over year. This is a nice growth rate, but it was behind Wall Street's expectations. Then on the bottom line, the company had Q1 net income of $28.5 million, which is encouraging for a high-growth company -- many aren't profitable. But again, the analyst community had expected a little more. Normally, when Wall Street's expectations go unmet, stocks drop. But in this case, it seems investors looked past Q1 results because Shift4's management didn't make any major adjustments to its full-year financial guidance. For 2024, Shift4 expects to generate gross revenue less network fees (this is a common adjustment) of at least $1.3 billion. If it hits this guidance, its top line will grow by 38% from 2023. An
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News
- Here's Why Shift4 Payments (FOUR) Stock Traded Lower in Q1 [Yahoo! Finance]Yahoo! Finance
- FEVO ANNOUNCES SHIFT4 AS PREFERRED PAYMENTS & POS SOLUTION FOR ALL MUSIC PARTNERSPR Newswire
- Shift4 Selected to Power Ticketing Transactions for San Diego FCBusiness Wire
- Countdown To Summer: Three Landmark Rocket Launches You Must Watch [Forbes]Forbes
- Shift4 Acquires Majority Stake of German Point-of-Sale Company Vectron Systems AG and Completes Previously Announced Acquisition of Revel SystemsBusiness Wire
FOUR
Earnings
- 5/9/24 - Miss
FOUR
Sec Filings
- 6/17/24 - Form 4
- 6/14/24 - Form 4/A
- 6/14/24 - Form 4
- FOUR's page on the SEC website