Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Equity Bottom-Up

<ul><li>Before market open on Tuesday, FOUR reported 3Q24 results.</li><li>Total revenue of $909.2 million was marginally lower than our estimate and consensus of $959.5 million and $972.2 million, respectively.</li><li>This was largely due to lower-than-expected E2E volumes of $43.5 billion, which came in ~5% below expectations.</li></ul>

Before market open on Tuesday, FOUR reported 3Q24 results.Total revenue of $909.2 million was marginally lower than our estimate and consensus of $959.5 million and $972.2 million, respectively.This was largely due to lower-than-expected E2E volumes of $43.5 billion, which came in ~5% below expectations.

Shift4 Payments, Inc. - Growth Remains Strong but Shy of Consensus Due to Slower Consumer Spending

United States

Shift4 Payments, Inc. provides payment processing solutions. The Company offers software for transaction and money transfer activities. Shift4 Payments serves customers in the United States.

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