NCR Atleos Q2 revenue flat, expects Brink's merger to close Q1 2027
NCR Atleos Q2 revenue flat, expects Brink's merger to close Q1 2027
Overview
US self-service banking tech firm's Q2 revenue flat yr/yr
Q2 adjusted EPS and adjusted EBITDA both rose sharply yr/yr
Company expects Brink's merger to close early Q1 2027 after shareholder approvals
Outlook
Company will not provide financial outlook due to pending transaction with Brink’s
Result Drivers
SOFTWARE AND SERVICES - Increased software and services revenue offset lower hardware sales and installation services, per company statement
PRODUCTIVITY INITIATIVES AND TARIFF REFUNDS - Profit margins improved due to productivity programs and net tariff refunds, per company statement
SETTLEMENT PROCESSING AND VAULT CASH COSTS - Network segment profitability boosted by positive settlement processing and lower vault cash costs, per company statement
Company press release: ID:nBwbJK8C1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $1.10 bln | $1.13 bln (2 Analysts) |
Q2 Adjusted EPS | Beat | $1.49 | $0.98 (2 Analysts) |
Q2 EPS |
| $0.86 |
|
Q2 Net Income |
| $65 mln |
|
Q2 Adjusted EBITDA | Beat | $254 mln | $217.57 mln (2 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "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 NCR Atleos Corporation is $50.20, about 6.8% above its August 4 closing price of $47.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
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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.)
Recent news on NCR Atleos
See all newsNCR Atleos Corporation reports results for the quarter ended September 30 - Earnings Summary
NCR Atleos Q3 revenue falls on hardware weakness
Brief: Brink's Receives CMA Acceptance in Principle for Remedy Tied to Pending NCR Atleos Acquisition
Brief: CMA Considers Proposals To Address Concerns Over Cash Machine Deal Of Brink's / NCR
UK watchdog flags competition concerns over Brink's $6.6 billion NCR Atleos deal (updated)