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Evertec (EVTC)
NYSE:EVTC
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.79Last Year’s EPS
0.72Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 15.63%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, successful acquisitions, and effective cost management, setting a positive outlook for 2025. However, there are concerns about future revenue impacts due to currency headwinds and the upcoming discount to Popular. Despite these challenges, the company's strong performance and strategic initiatives weigh more heavily in the overall sentiment.Company Guidance
During the EVERTEC Fourth Quarter 2024 Earnings Conference Call, the company reported a strong financial performance with a 22% increase in revenue reaching $845.5 million for the year. Key metrics included a 17% rise in adjusted EBITDA to $340.2 million and an adjusted EBITDA margin of 40.2%. Adjusted earnings per share (EPS) grew by 16% to $3.28. The Merchant Acquiring segment saw an 11% growth, while Payments Puerto Rico and Business Solutions grew by 6% and 7%, respectively. The Latin America region experienced a substantial 62% increase in revenue, largely due to the acquisition of Sinqia and organic growth. The company also highlighted a strong liquidity position with $467.5 million available as of December 31, 2024. Looking ahead to 2025, EVERTEC provided a revenue growth outlook of 5.1% to 6.3% and an adjusted EPS growth of 1.8% to 5.2%, with an effective tax rate expected between 6% and 7%.Record-Breaking Revenue and Growth
Revenue for 2024 was $845.5 million, a 22% increase over the prior year. Adjusted EBITDA was $340.2 million, up approximately 17% year-over-year, with a strong adjusted EBITDA margin of 40.2%.
Successful Acquisition Strategy
Successfully integrated Sinqia and completed two additional tuck-in acquisitions, Grandata and Nubity, contributing to LATAM revenue growth of 62% year-over-year.
Strong Performance in LATAM
LATAM revenue increased by 62% year-over-year, with a significant contribution from the Sinqia acquisition and double-digit organic growth outside of Brazil.
Margin Optimization
Implemented cost efficiency measures resulting in margins exceeding expectations, with Q4 adjusted EBITDA margin at 40.9%, up 410 basis points from the previous year.
Robust Business Pipeline in Latin America
Developed a strong business pipeline in Latin America, leading to important business wins such as a deal with Grupo Aval in Colombia.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $32.30 | $37.50 | +16.10% |
| Nov 06, 2024 | $34.11 | $35.15 | +3.05% |
| Jul 31, 2024 | $34.37 | $34.98 | +1.77% |
| May 01, 2024 | $37.46 | $35.59 | -4.99% |
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 Apr 24, 2025, TBA Not Confirmed.
What is Evertec (EVTC) earnings time?
Evertec (EVTC) earnings time is at Apr 24, 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 2025 (Q1) is 0.79.
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