Evertec beats Q2 profit estimates; raises outlook, buyback plan

Evertec

04/08/2026 21:32

Overview
Puerto Rico fintech provider's Q2 revenue rose 20%, beating analyst expectations
Adjusted EPS for Q2 rose 18% and beat analyst expectations
Company raised full-year 2026 revenue and adjusted EPS outlook, increased buyback authorization to $150 mln

Outlook
Evertec now expects 2026 revenue between $1,085 mln and $1,095 mln, up from prior guidance
Company expects 2026 adjusted EPS between $3.94 and $4.04, higher than previous outlook
Evertec continues to expect 2026 adjusted EBITDA margin of 39% to 40%

Result Drivers
ORGANIC GROWTH & ACQUISITIONS - Co said revenue growth was driven by organic growth across most segments and contributions from recent acquisitions
MERCHANT ACQUIRING & PAYMENTS - Merchant acquiring revenue benefited from higher sales volume, higher non-transactional revenues and improved spread; Payments Puerto Rico revenue benefited from higher POS transactions, ATH Movil growth, and a non-recurring volume-based benefit
LATIN AMERICA SEGMENT - Latin America revenue benefited from recent acquisitions and continued organic growth across the region

Company press release: ID:nBwKkWJBa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$274.80 mln
$262.24 mln (5 Analysts)
Q2 Adjusted EPS
Beat
$1.05
$0.95 (6 Analysts)
Q2 Adjusted Net Income
Beat
$64.80 mln
$59.54 mln (5 Analysts)
Q2 Net Income
 
$5.40 mln
 
Q2 Adjusted EBITDA
Beat
$109.30 mln
$103.59 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 $31.00, about 0.4% below its August 3 closing price of $31.11
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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(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.)