Global Payments (GPN) Q1 2025 Earnings Call May 06, 2025 07:30 AM ET Company Participants Winnie Smith - SVP, IRCameron Bready - Director & CEORobert Cortopassi - President & COOJosh Whipple - Senior Executive Vice President and Chief Financial OfficerAdam Frisch - Senior Managing Director - EquitiesRyan Campbell - VP - Equity ResearchTimothy Chiodo - Managing Director Conference Call Participants Jason Kupferberg - Senior Equity Research AnalystTien-tsin Huang - Senior AnalystDavid Koning - Senior Research ...

1Q 2025 earnings May 6, 2025 +5% Adjusted net revenue growth1 +70 bps Forward-looking statements This presentation may contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of and assumptions made by our management, involve risks, uncertainties and a ...

Core Viewpoint - The article discusses two Dow stocks, Visa and UnitedHealth Group, as strong investment opportunities during the earnings season, while highlighting Nvidia as a stock to avoid due to various challenges ahead. Group 1: Visa - Visa is identified as a top investment choice with significant upside potential over the next five years [5] - Despite concerns about a potential U.S. economic recession, Visa's business model allows it to recover quickly from economic downturns, as recessions historically last around 10 months while expansions last about five years [6][7] - Visa reported a 13% growth in cross-border payment volume in its fiscal second quarter, indicating strong performance and growth potential in emerging markets [8] - The company avoids lending, which allows it to sidestep capital requirements for potential loan losses, enabling faster recovery from economic turbulence compared to other financial institutions [9] - Visa's forward price-to-earnings (P/E) ratio is approximately 27, which is 6% below its average over the past five years, suggesting it is currently undervalued [10] Group 2: UnitedHealth Group - UnitedHealth Group is another strong investment option, despite a recent 22% drop in stock price due to lowered profit guidance related to Medicare Advantage costs [12][13] - The health insurance sector is characterized by consistent profits and moderate growth, with insurers having significant premium pricing power to offset unexpected costs [14] - UnitedHealth's business model is predictable, with stable demand for medical services regardless of economic conditions, allowing for accurate expense forecasting [15] - The Optum subsidiary is a key asset, providing higher operating margins and faster sales growth compared to the insurance segment, contributing to the company's overall strength [16] - UnitedHealth's forward P/E ratio has dropped to 13, the lowest in at least five years, representing a 34% discount to its average over the past five years [16] Group 3: Nvidia - Nvidia is highlighted as a stock to avoid due to challenges including export restrictions on AI chips to China, which could significantly impact sales [19] - Increased competition from both direct competitors and internal customers developing their own GPUs poses a threat to Nvidia's market position [20] - The company's gross margin has been declining, indicating waning pricing power and potential issues with customer retention due to rapid upgrade cycles [20][21] - The article warns of a potential bubble in AI stocks, suggesting that Nvidia could be particularly vulnerable if such a bubble bursts [22]

Core Viewpoint - Limbach (LMB) reported quarterly earnings of $1.12 per share, significantly exceeding the Zacks Consensus Estimate of $0.30 per share, marking an earnings surprise of 273.33% [1][2] Financial Performance - The company achieved revenues of $133.11 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 10.45% and showing an increase from $118.98 million year-over-year [2] - Over the last four quarters, Limbach has consistently surpassed consensus EPS estimates, achieving this four times [2] Stock Performance - Limbach shares have increased approximately 20.7% since the beginning of the year, contrasting with the S&P 500's decline of -3.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.75, with projected revenues of $144.46 million, and for the current fiscal year, the estimate is $3.45 on revenues of $609.16 million [7] Industry Outlook - The Building Products - Maintenance Service industry, to which Limbach belongs, is currently ranked in the top 2% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Limbach's stock performance [5][6]

Paymentus (PAY) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Speaker0 Good day, and welcome to the First Quarter twenty twenty five Paymentus Holdings Earnings Conference Call. This call is being recorded. All participants are currently in listen mode only. There will be an opportunity to ask questions following management's prepared remarks. At this time, I will now turn the call over to Scott Eckstein, Investor Relations. Speaker1 Thank you, operator. Good afternoon. Welcome, and thank you for joining t ...

In addition to the GAAP financial measures presented in our consolidated financial statements, this presentation includes key performance indicators and non-GAAP financial measures that our management uses to help us evaluate our business, identify trends affecting our business, formulate business plans and make strategic decisions. There are limitations to contribution profit and margin, adjusted gross profit, non-GAAP operating expenses, non-GAAP net income, non-GAAP earnings per share, EBITDA, adjusted E ...

Core Viewpoint - Shift4 Payments (FOUR) is showing a significantly improving earnings outlook, making it an attractive option for investors as analysts continue to raise their earnings estimates for the company [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Shift4 Payments' earnings prospects is leading to higher estimates, which is expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Zacks 1 Ranked stocks averaging a +25% annual return since 2008 [3]. - For the current quarter, the earnings estimate is $1.33 per share, reflecting a +38.54% change from the previous year, with a 12.77% increase in the Zacks Consensus Estimate over the last 30 days [5]. - For the full year, the expected earnings are $5.46 per share, representing a +40.36% change from the prior year, with a 17.27% increase in the consensus estimate due to seven upward revisions against one downward revision [6][7]. Zacks Rank and Performance - Shift4 Payments has achieved a Zacks Rank 2 (Buy) due to favorable estimate revisions, indicating strong potential for stock performance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have been shown to significantly outperform the S&P 500 [8]. Stock Performance - The stock has gained 13.6% over the past four weeks, driven by solid estimate revisions, suggesting that its earnings growth prospects may lead to further increases in stock value [9].

Group 1: Visa - Visa reported a 9% increase in revenue and a 10% increase in non-GAAP EPS for its fiscal second quarter of 2025, with payment volumes up 8% and processed transactions rising 9% [3][7] - Year-to-date, Visa's stock is up over 8%, significantly outperforming the financial sector and the S&P 500 [4] - The company generated $9.42 billion in free cash flow in the first half of fiscal 2025, supporting stock repurchases of $8.41 billion and dividends of $2.33 billion [6] - Visa is guiding for low-double-digit net revenue growth and a low teens increase in diluted EPS for the full fiscal year [7] - The stock has a P/E ratio of 34.4, above its 10-year median of 33.1, which is considered justified given the company's performance [8] Group 2: Kenvue - Kenvue's stock currently yields 3.5% and presents a value opportunity in a relatively safe industry, with management focused on turning around its underperforming skin health and beauty segment [9][10] - The skin health segment's recovery is slower than expected, with organic sales declining by 1.9% in 2024, although Neutrogena regained its No. 1 position in the U.S. face care group [11] - Other segments, including self-care and essential health, grew organic sales by 1.9% and 4.1% respectively in 2024 [12] - Kenvue is collaborating with activist investor Starboard Value to appoint new board members, indicating a commitment to improving performance [12][13] Group 3: Essential Utilities - Essential Utilities offers a 3.2% forward yielding dividend, making it an attractive option for conservative investors during market volatility [14] - The company provides water and wastewater services to 1.1 million customers, with 99% of its earnings attributed to these services, which are less likely to be affected by economic downturns [15] - Operating in regulated markets allows Essential Utilities to guarantee certain rates of return, aiding in future cash flow management [16] - The company has increased its dividend payout for 30 consecutive years, with a 7% compound annual growth rate over the past decade [17][18]

Group 1: Mastercard - Mastercard has delivered significant returns, more than doubling investors' money in five years and generating 6x returns in ten years [4] - The company processed transactions worth $9.8 trillion in 2024 and has 1.1 billion cards in circulation worldwide [5] - In Q1, Mastercard's revenue grew by 14% year over year, driven by cross-border volume growth of 15%, with an operating margin of 57.2% [7] - The company is innovating with technologies like artificial intelligence, positioning itself well in the shift from cash to digital payments [8] Group 2: Waste Management - Waste Management has generated nearly 50% in total returns over three years, 160% over five years, and 470% over ten years [9] - The company expanded its business by acquiring Stericycle, expecting $250 million in synergies through 2027, which is double its original expectations [11] - Waste Management is focusing on scaling its core operations through acquisitions and has a robust pipeline of opportunities [12] - The company has increased its dividend for 22 consecutive years, demonstrating a commitment to shareholder returns [13] Group 3: BYD - BYD has surpassed Tesla in sales volumes and revenue, becoming the world's largest EV maker with over $100 billion in revenue in 2024 [15] - The company's net income jumped 100% year over year in Q1, indicating strong financial performance [15] - BYD is one of the largest battery manufacturers globally, providing a competitive advantage in costs and supply [17] - The company is expanding rapidly, entering new markets and opening showrooms, which positions it for continued growth [17][18]

今天分享的是：2024年放眼支付之外：跨境结账变革数字化趋势研究报告（英文版） 报告共计：32页 《2024年放眼支付之外：跨境结账变革数字化趋势研究报告（英文版）》探讨了亚太地区数字支付领域的新趋势。核心观点 为：亚太地区在数字支付领域处于全球领先地位，支付创新推动了经济的包容性增长和数字化转型，公私合作对于支付互联互 通至关重要，数字钱包正朝着提供多元化服务的方向发展。 1. 数字支付变革：数字钱包在全球迅速发展，亚太地区支出占全球近三分之二，数字钱包渗透率最高。2023年，亚太地区数字 钱包在电商和线下交易中均占主导地位，其便捷性和安全性受消费者青睐。此外，数字钱包市场吸引众多行业参与者，推动支 付创新。 2. 公私合作推动支付互联互通：随着跨境商务和旅游的发展，支付互联互通成为关键。公私部门合作升级数字支付基础设施， 如推出开放银行法规、实时支付系统和标准化二维码。东南亚地区建立了二维码支付生态系统，促进了区域内的支付互联互 通。 3. 数字钱包拓展服务：为适应全渠道购物趋势，数字钱包演变为超级应用，集成多种第三方服务。超级应用简化购物流程，通 过数据分析提供个性化体验，推动零售行业的全渠道转型。像印 ...