Puerto Rico's Evertec Q1 revenue up 8%, slightly misses estimates

Evertec

06/05/2026 21:16

Overview

Puerto Rico fintech firm's Q1 revenue grew 8% but slightly missed analyst expectations

Adjusted EPS and adjusted net income for Q1 missed analyst estimates

Company completed Dimensa acquisition and raised full-year 2026 outlook

Outlook

Evertec raises 2026 revenue outlook to $1.073 bln-$1.085 bln, up from prior guidance

Company now expects 2026 adjusted EPS of $3.86-$3.98, up from prior $3.62

Evertec continues to expect 2026 capital expenditures of about $90 mln

Result Drivers

SEGMENT GROWTH AND ACQUISITIONS - Q1 revenue growth driven by organic expansion in most segments and contribution from acquisition completed in Q4 2025

MERCHANT ACQUIRING AND PAYMENTS - Merchant acquiring benefited from higher sales volume and non-transactional revenues; Payments Puerto Rico revenue rose on transaction growth and ATH Movil strength

BUSINESS SOLUTIONS DECLINE - Business Solutions revenue fell due to a 10% discount to Popular and absence of a non-recurring hardware/software sale from prior year

Company press release: ID:nBw20YBcGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$247.90 mln
$249 mln (5 Analysts)
Q1 Adjusted EPS
Miss
$0.90
$0.92 (6 Analysts)
Q1 Adjusted Net Income
Miss
$56 mln
$58.19 mln (5 Analysts)
Q1 Net Income
$23.80 mln
Q1 Adjusted EBITDA
Miss
$97 mln
$98.16 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 $31.00, about 9.2% above its May 5 closing price of $28.38

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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