Nuvei Corp reports results for the quarter ended in December - Earnings Summary

Nuvei

06/03/2024 24:03

* Nuvei Corp  NVEI.TO  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended in December, identical
to the same quarter last year.  The mean expectation of
eleven analysts for the quarter was for earnings of 45 cents per
share. Wall Street expected results to range from 41 cents to 49
cents per share.
    * Revenue rose 45.9% to $321.52 million from a year ago;
analysts
expected $319.29 million. 
    * Nuvei Corp's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $11.83
million.
    * Nuvei Corp shares had risen by 0.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Nuvei Corp is
$30.00 
This summary was machine generated from LSEG data March 6 at
12:03 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
 Dec. 31 2023      0.45           0.47           Beat
 Sep. 30 2023      0.40           0.39           Missed
 Jun. 30 2023      0.46           0.39           Missed
 Mar. 31 2023      0.44           0.44           Met