Evertec Q3 revenue beats estimates on organic growth

Evertec

06/11/2025 21:18

Overview

Evertec Q3 revenue rises 8% to $228.6 mln, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company completed acquisition of 75% of Tecnobank, expanding in Brazil

Outlook

Evertec raises 2025 revenue outlook to $921 mln-$927 mln, up from prior $6.6%-7.6% growth

Company expects 2025 adjusted EPS of $3.56-$3.62, up from prior 4.8%-7.0% growth

Evertec maintains 2025 capital expenditures forecast at $85 mln

Result Drivers

ORGANIC GROWTH - Revenue growth driven by organic expansion across all segments and acquisitions from late 2024

MERCHANT ACQUIRING - Higher sales volume and non-transactional revenues boosted merchant acquiring revenue, despite a slight decrease in spread

NET INCOME FACTORS - Net income increase driven by higher revenues, lower depreciation and amortization, lower interest expenses, and a gain on tax credits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$228.60 mln
$224.70 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.92
$0.89 (6 Analysts)
Q3 Net Income
$32.90 mln
Q3 Adjusted EBITDA
Slight Beat*
$92.60 mln
$92 mln (5 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $37.00, about 22.9% above its November 5 closing price of $28.53

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw9kmLWWa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)