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Global Payments (GPN) is a Top-Ranked Growth Stock: Should You Buy?

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

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Global Payments (GPN)

Global Payments was incorporated in Georgia as Global Payments Inc. in 2000 and spun-off from its former parent company in 2001. Including its time as part of its former parent company, it has been in the payment technology services business since 1967. Since its spin-off, the company has expanded in existing markets and into new markets internationally by pursuing further acquisitions and joint ventures.

GPN boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 16.9% year-over-year for 2022, while Wall Street anticipates its top line to improve by 8.7%.

Eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $9.54 per share for 2022. GPN boasts an average earnings surprise of 3.1%.

Global Payments is also cash rich. The company has generated cash flow growth of 53.1%, and is expected to report cash flow expansion of 15.5% in 2022.

GPN should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


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