CENTER VALLEY, Pa. - Shift4 Payments (NYSE:FOUR) reported fourth quarter earnings that fell short of Wall Street expectations, prompting a slight decline in its stock price. The integrated payments and commerce technology leader announced a Q4 EPS of $0.76, which was $0.06 below the analyst estimate of $0.82. Revenue for the quarter was also below expectations, coming in at $705 million compared to the consensus estimate of $758 million.
Shift4's guidance for the fiscal year includes an EBITDA range of $635 million to $675 million and gross revenue less network fees between $1.3 billion and $1.35 billion. The midpoint of the EBITDA guidance is $655 million, and the midpoint for revenue guidance is $1.325 billion. However, without the analyst consensus for the full-year guidance, it's challenging to measure these figures against market expectations.
Despite the Q4 earnings and revenue miss, Shift4's management remains optimistic about the company's trajectory. "While our fourth quarter results did not meet analyst expectations, we are confident in our strategic direction and continue to invest in innovation and growth," said Jared Isaacman, CEO of Shift4. This statement reflects the company's focus on long-term goals over short-term setbacks.
Investors and analysts will be closely monitoring Shift4's performance in the upcoming quarters to see if the company can align its results with market expectations and drive shareholder value.
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