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Evertec (EVTC)
NYSE:EVTC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.72Last Year’s EPS
$0.62Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -1.61%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong revenue and EBITDA growth across all segments, successful acquisitions, and stability in the Puerto Rico market. However, challenges remain, including currency headwinds, lower margins in Latin America due to the Sinqia acquisition, and a future revenue headwind from a negotiated discount with Popular.Company Guidance
During EVERTEC's Third Quarter 2024 earnings call, management provided several key financial metrics and forward-looking guidance. The total revenue for the quarter was approximately $212 million, marking a 22% increase compared to the same period in 2023. Adjusted EBITDA rose to about $87 million, up 11% year-over-year, with an adjusted EBITDA margin of 41.3%, which was above expectations despite being 420 basis points lower than the previous year. The adjusted earnings per share came in at $0.86, an 8% increase from the previous year's $0.80. The company reported a strong liquidity position, with approximately $469 million as of September 30. For the remainder of 2024, EVERTEC adjusted its revenue outlook to a range of $840.5 million to $846.5 million, reflecting 21% to 22% growth, with an expected adjusted EBITDA margin between 39.5% and 40%. Additionally, foreign currency impacts were noted as a headwind, alongside positive contributions from the acquisition of Grandata. Looking ahead to 2025, EVERTEC plans to implement cost efficiency initiatives to offset the impact of a 10% discount on certain MSA services starting in October 2025, aiming to maintain margins similar to 2024 levels.Strong Revenue and EBITDA Growth
Total revenue for the third quarter was approximately $212 million, an increase of approximately 22% compared to the third quarter of 2023. Adjusted EBITDA was approximately $87 million, an increase of approximately 11% from the prior year.
Successful Acquisitions
Closed acquisition of Grandata in Latin America and previously acquired Sinqia, contributing to strong growth in the region.
Puerto Rico Market Stability
Growth in all segments in Puerto Rico, with merchant acquiring up approximately 12% year-over-year. The macroeconomic environment remains stable with increasing employment and tourism.
Dividends and Share Repurchases
Returned approximately $92 million to shareholders through dividends and share repurchases, including $12 million in repurchases this quarter.
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EVTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $34.16 | $35.20 | +3.04% |
| Jul 31, 2024 | $34.42 | $35.03 | +1.77% |
| May 01, 2024 | $37.51 | $35.63 | -5.01% |
| Feb 28, 2024 | $40.26 | $35.98 | -10.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Evertec (EVTC) report earnings?
Evertec (EVTC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Evertec (EVTC) earnings time?
Evertec (EVTC) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVTC EPS forecast?
EVTC EPS forecast for the fiscal quarter 2024 (Q4) is $0.72.
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