Published on 10 May 2024 on GuruFocus.com via Yahoo Finance
Shift4 Payments Inc (FOUR) Q1 2024 Earnings Report: A Detailed Analysis
Revenue: Reported at $707.4 million, a 29% increase from Q1 2023, falling short of estimates of $755.60 million.Net Income: Achieved $28.5 million, up from $20.4 million in Q1 2023, but fell short of the estimated $56.28 million.Earnings Per Share (EPS): Recorded at $0.31 per share, below the analyst estimate of $0.62 per share.Adjusted EBITDA: Increased by 36% year-over-year to $121.7 million, with an Adjusted EBITDA margin of 46% for Q1 2024.End-to-End Payment Volume: Grew by 50% year-over-year to $33.4 billion, indicating strong growth in transaction processing.Gross Profit: Rose 27% year-over-year to $175.9 million, reflecting improved operational efficiency.Free Cash Flow: Recorded at $16.3 million for the quarter, a decrease from $51.3 million in Q1 2023.
Warning! GuruFocus has detected 4 Warning Signs with FOUR.