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Euronet Worldwide (EEFT)
NASDAQ:EEFT
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.05Last Year’s EPS
$1.88Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 4.62%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with record third quarter results, growth in key segments like epay and Money Transfer, and strategic expansion of technology platforms. However, the miss on analyst expectations and decline in intra-U.S. transactions were notable challenges. Overall, the positive aspects significantly outweighed the lowlights, indicating a promising outlook.Company Guidance
During the Euronet Worldwide Third Quarter 2024 Earnings Call, CFO Rick Weller provided detailed guidance, emphasizing the company's strong performance and future outlook. Euronet reported record third-quarter revenues of $1.1 billion, with operating income of $182 million, adjusted EBITDA of $226 million, and adjusted EPS of $3.03, excluding an additional $0.28 per share from an investment gain. The company highlighted significant growth across its segments, with Money Transfer achieving a constant dollar revenue increase of 10%, operating income growth of 7%, and adjusted EBITDA growth of 4%. Epay reported double-digit revenue and transaction growth, while EFT showed constant currency growth in revenue (7%), operating income (12%), and EBITDA (10%). The company maintained a robust balance sheet with $1.5 billion in unrestricted cash and $2.3 billion in debt. Euronet projected to achieve or exceed its annual earnings growth target of 10% to 15% and emphasized its commitment to delivering consistent double-digit growth into 2025.Record Third Quarter Financial Metrics
Euronet delivered record third quarter results with revenue of $1.1 billion, operating income of $182 million, adjusted EBITDA of $226 million, and adjusted EPS of $3.03. Adjusted EPS increased by 11% compared to the prior year's third quarter.
Epay and Money Transfer Segment Growth
Epay delivered double-digit revenue and transaction growth, while Money Transfer experienced 10% revenue growth, 7% operating income growth, and 4% EBITDA growth, driven by a 30% increase in digital transactions.
Successful Share Repurchase
Euronet repurchased 1 million shares, improving future earnings per share by 2%.
Strong Cash Position
Euronet ended the quarter with $1.5 billion in unrestricted cash, highlighting strong cash flow generation.
Expansion of Ren Technology
Euronet's Ren technology platform continues to expand, with successful implementation in Mozambique and Ecuador, and plans for future growth and strategic acquisitions.
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EEFT 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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EEFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $99.09 | $102.26 | +3.20% |
| Jul 19, 2024 | $105.23 | $101.82 | -3.24% |
| May 01, 2024 | $102.68 | $104.37 | +1.65% |
| Feb 07, 2024 | $102.94 | $103.54 | +0.58% |
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 Euronet Worldwide (EEFT) report earnings?
Euronet Worldwide (EEFT) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Euronet Worldwide (EEFT) earnings time?
Euronet Worldwide (EEFT) earnings time is at Feb 05, 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 EEFT EPS forecast?
EEFT EPS forecast for the fiscal quarter 2024 (Q4) is $2.05.
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