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2EV Evertec News Story

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Brief: Evertec Q2 Adjusted EPS USD 0.89 Vs. IBES Estimate USD 0.86

Overview

Evertec Q2 revenue up 8% to $229.6 mln, beating analysts' expectations

Adjusted EPS for Q2 rises 7% to $0.89, exceeding estimates, per LSEG data

Co increases share repurchase authorization to $150 mln, extends program

Outlook

Evertec raises full-year revenue outlook to $901 mln-$909 mln

Company expects adjusted EPS between $3.44 and $3.52

Evertec anticipates capital expenditures of approximately $85 mln

Company maintains adjusted effective tax rate of 6% to 7%

Result Drivers

ORGANIC GROWTH - Revenue growth driven by organic growth across all segments and contributions from acquisitions

PRICING INITIATIVES - Merchant acquiring revenue benefited from improved spread due to prior year pricing initiatives

ATH MOVIL - Payments Puerto Rico revenue increased from ATH Movil and transaction growth

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$229.60 mln$222.30 mln (5 Analysts)
Q2 Adjusted EPSBeat$0.89$0.86 (6 Analysts)
Q2 Adjusted Net IncomeBeat$57.70 mln$55.80 mln (4 Analysts)
Q2 Net Income$40.50 mln
Q2 Adjusted EBITDABeat$92.60 mln$90.40 mln (5 Analysts)
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the business support services peer group is "buy" Wall Street's median 12-month price target for Evertec Inc is $39.00, about 14.3% above its July 29 closing price of $33.44 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBw3jDtQ1a (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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