Photo Credit: Pierre Metivier
VeriFone (PAY), the leading payment service solution provider, will be reporting its Q42015 earnings report on Monday after the closing bell. The company has beaten Wall Street analyst expectations on both revenue and earnings for 9 straight quarters and looks to continue the trend this quarter. New innovations and initiatives have been a point of emphasis for growth and opportunity as the rise of mobile payments and e-commerce has been causing a ruckus in the industry. The Estimize contributors have predicted an EPS of $0.49 and revenue of $517.6 million while Wall Street analysts are not too far off on earnings, forecasting EPS of $0.48 but revenue of $513.4 million.
Focus on Europe
The San Jose, CA based firm has recently acquired InterCard AG, an established payment as a service provider (PaaS) in Germany. This highlights a solid positioning and market growth opportunity as Europe is shifting towards more cash-less payment options. VeriFone’s already significant reach across Europe and the globe is growing, as retailers are constantly looking for the best services to expand and simplify the payment process.
Additionally, a partnership has been finalized with Danish mobile payment application Swipp. Swipp can be used amongst 30,000 merchants in Denmark who employ VeriFone terminals and products. The payment process with Swipp is rather simple. When a consumer is ready to purchase an item, they will need to place their phone close to the terminal and swipe the application to complete a payment. VeriFone currently supplies more than 50% of all payment terminals in Denmark and expects this partnership with Swipp to help gain extra market share in Europe.
VeriFone Edge
Things at world’s leading payment and commerce solution provider are changing. As consumers prefer to shop online and as retailers and shops are starting to use other mobile technology systems for payments (like Square, (SQ)) VeriFone has shifted its focus to enhancing the consumer experience with innovative solutions.
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