Although the innovation space seemingly can't do any wrong, investors may be best served with tech stocks to buy that also enjoy strong endorsements from Wall Street analysts. They don't make or break enterprises but their blessings carry much weight. For one thing, analysts do this for a living. Further, the big Wall Street firms don't just pick random folks (or NPCs to use the common lexicon) to represent their brands. No, they have to earn their way into the field. And that means you're not going to find ...

Table of Contents For the transition period from _______ to _______ Commission file number: 001-39313 __________________________________ SHIFT4 PAYMENTS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Financial Data and Key Metrics Changes - Total Q1 volume reached $33 billion, reflecting a 50% year-over-year growth [15] - Gross revenue less network fees increased by 32% to $264 million [15] - Adjusted EBITDA for the quarter was $122 million, up 36%, with adjusted EBITDA margins at 46% [15][21] - Adjusted free cash flow was $78 million, representing a conversion rate of 64% [22] Business Line Data and Key Metrics Changes - Subscription and other revenue in Q1 rose by 45% year-over-year, driven by growth in sports and entertainment [19] - Restaurant SaaS revenue increased by 55%, with a total of approximately 9,400 SkyTab system installs in Q1, a 38% increase quarter-over-quarter [19][86] - Gateway revenue decreased sequentially, reflecting the success of the Gateway Sunset initiative [18] Market Data and Key Metrics Changes - The blended spread for Q1 was 62 basis points, consistent with full-year guidance [17] - The company anticipates a stronger second half of 2024 due to various growth initiatives and market conditions [28][56] Company Strategy and Development Direction - The company is focused on expanding its international presence, particularly in Europe and Canada, with a goal of signing 10,000 new restaurant and hotel customers in international markets by year-end [36][70] - The recent acquisition of Revel for $250 million is aimed at enhancing distribution and accelerating growth in the restaurant vertical [8][37] - The company is committed to maintaining a disciplined approach to cost management while investing in strategic growth opportunities [20] Management's Comments on Operating Environment and Future Outlook - Management noted that the current operating environment is favorable, with merchants seeking technology solutions to streamline commerce experiences [43] - There is confidence in achieving annual year-over-year expansion in conversion rates despite potential fluctuations due to seasonality [22][32] - The company expects organic growth of gross revenue less network fees to exceed 25% [28] Other Important Information - The company has a strong balance sheet with approximately $700 million in available liquidity and a net leverage of about 2.4 times [24][25] - The company is tightening its guidance for end-to-end volume to a range of $167 billion to $175 billion for the full year 2024, representing 53% to 61% year-over-year growth [26] Q&A Session Summary Question: Why did a deal not close to be acquired? - Management indicated that strategic interest and rising price expectations prevented the deal from closing, emphasizing a focus on executing their plan [50] Question: How has the expansion outside of North America been progressing? - Management reported successful execution of their playbook in international markets, with notable wins in Europe and Canada [51][109] Question: Can you elaborate on the strategic rationale behind the Revel acquisition? - The acquisition is expected to enhance distribution and accelerate growth in the restaurant vertical, leveraging Revel's strong sales team [127]

Shift4 Payments (FOUR) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.48%. A quarter ago, it was expected that this company would post earnings of $0.82 per share when it actually produced earnings of $0.76, delivering a surprise of -7.32%.Over the last four quarters, the company ...

SHIFT 4 Q1 2024 SHAREHOLDER LETTER INVESTORS.SHIFT4.COM Exhibit 99.1 MAJOR CASINO OPERATOR & DEAL ANNOUNCEMENT Forward-Looking Statements This letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 Payments, Inc. ("we. "our," the "Company." o "Shift4") intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended and Se ...

Lock Stock Thesis Shift4 Payments' (NYSE:FOUR) stock saw a massive spike after reporting Q4 earnings. This was likely due to the combination of a good earnings report/guidance and M&A speculation. No M&A activity ended up taking place, and since then the stock has declined precipitously. We believe the recent selloff is overdone and that long-term investors can acquire shares at an attractive valuation. The Basics Shift4 is a payments processor, though they do have some software/website offerings throug ...

Lyndon Stratford Shift4: Market share gains, strong revenue growth, rising margins and free cash flow: who needs a buyout to like these shares? Shift4 shares have hit a speed bump; Shift4’s (NYSE:FOUR) business hasn’t seen even a pot hole. As most readers will recollect, the CEO of Shift4, Jared Isaacson had indicated back late last year that he and his board would be amenable to take over bids. Part of this was a reaction to a hit piece by activist short seller Blue Orca. But some of this was based on ...

Fintech firms focus on using technology to enhance financial services, including payments, banking, and financial management. Among some of the more popular services that such companies deliver are cryptocurrencies, “buy now, pay later,” peer-to-peer payments, payments to businesses, and consumer banking. Fintech firms have multiple, strong, positive catalysts, including the rapid, global digitization of financial transactions, continued, reduced reliance on cash worldwide, and the increased willingness of ...

Will Shift4 eventually get a higher takeover offer?Shares of financial-technology (fintech) company Shift4 Payments (FOUR -4.76%) dropped 19.6% in March, according to data provided by S&P Global Market Intelligence. The company has been a rumored acquisition target. And for a brief moment, it looked like a deal would get done. But things fell apart in March, leading to the drop in stock price.On Feb. 28, Shift4 stock soared after a Reuters report said that Amadeus and Fiserv were in a bidding war. D.A. Davi ...

Analysts think this stock should be worth 30% more.In this video, I will talk about Shift4 Payments (FOUR 0.09%) and explain why it might be flying under the radar.*Stock prices used were from the trading day of April 3, 2024. The video was published on April 4, 2024. ...