The point of sale business is growing as smaller companies rely on a roaming storefront. In the past, this was a very expensive option, however with the invention and massive adoption of smartphones and tablets, Verifone (PAY) has found it’s niche in processing point of sale payments.
Verifone reports earnings directly after the close of the market and analysts are expecting adjusted EPS of $0.61 and revenue of $471 million. The growth in both EPS
and revenue has been rather impressive from this company and this quarter is no exception. Expectations are for growth of EPS of 70% on a YoY basis and 61% on revenue. However, over the past few months, analysts have beenguiding down their ratings for this company. Much of this is due to the concerns that current growth rates are not sustainable and attributable to the acquisition in Hypercom.
Be sure to watch for comments on growth in Emerging and European markets as well as comments on EMV and NFC as clues for declines or increases in future growth.
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