Evertec Inc reports results for the quarter ended in June - Earnings Summary

Evertec

31/07/2024 22:54

* Evertec Inc  EVTC.N  reported quarterly adjusted earnings
of 83
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 71
cents.  The mean expectation of six analysts for the quarter was
for earnings of 69 cents per share. Wall Street expected
results to range from 68 cents to 73 cents per share.
    * Revenue rose 26.9% to $211.98 million from a year ago;
analysts
expected $211.10 million. 
    * Evertec Inc's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $31.9
million.
    * Evertec Inc shares had risen by 3.5% this quarter and
lost 16.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is  "hold."

Wall Street's median 12-month price target for Evertec Inc is
$41.50 
This summary was machine generated from LSEG data July 31 at
09:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.69           0.83           Beat
 Mar. 31 2024      0.68           0.72           Beat
 Dec. 31 2023      0.64           0.62           Missed
 Sep. 30 2023      0.66           0.80           Beat