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

Evertec

02/05/2024 01:07

* Evertec Inc  EVTC.N  reported quarterly adjusted earnings
of 72
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 69
cents.  The mean expectation of six analysts for the quarter was
for earnings of 68 cents per share. Wall Street expected
results to range from 62 cents to 75 cents per share.
    * Revenue rose 28.5% to $205.32 million from a year ago;
analysts
expected $202.24 million. 
    * Evertec Inc's reported EPS for the quarter was 24 cents​.
    * The company reported quarterly net income of $15.98
million.
    * Evertec Inc shares had fallen by 5.9% this quarter and
lost 8.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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
$42.50 
This summary was machine generated from LSEG data May 2 at 12:07
a.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
 Mar. 31 2024      0.68           0.72           Beat
 Dec. 31 2023      0.64           0.62           Missed
 Sep. 30 2023      0.66           0.80           Beat
 Jun. 30 2023      0.66           0.71           Beat