Euronet Worldwide Earnings: Here’s Why Investors are Buying Shares Now

Euronet Worldwide Inc. (NASDAQ:EEFT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.52%.

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Euronet Worldwide Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.15% to $0.38 in the quarter versus EPS of $0.33 in the year-earlier quarter.

Revenue: Rose 12.76% to $335.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Euronet Worldwide Inc. reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.37. It beat the average revenue estimate of $328.7 million.

Quoting Management: “I am pleased that each of our three segments delivered revenue and operating income growth in the quarter, allowing us to exceed our guidance by delivering adjusted cash earnings per share of $0.38 for the first quarter,” stated Michael J. Brown, Euronet’s Chairman and Chief Executive Officer. “The EFT and Money Transfer Segments continued to deliver solid results driven by network and product expansion. The epay Segment returned to growth by delivering new mobile and non-mobile products. We are very excited to start the year with all three segments contributing to our revenue and profit growth.”

Key Stats (on next page)…

Revenue decreased 4.46% from $351.25 million in the previous quarter. EPS decreased 13.64% from $0.44 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.44 to a profit $0.45. For the current year, the average estimate has moved up from a profit of $1.82 to a profit of $1.89 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)