Financial technology provider Euronet Worldwide (NASDAQ:EEFT) will be reporting earnings this Thursday before market open. Here’s what you need to know.
Euronet Worldwide met analysts’ revenue expectations last quarter, reporting revenues of $1.07 billion, up 8.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and revenue in line with analysts’ estimates.
Is Euronet Worldwide a buy or sell going into earnings?
This quarter, analysts are expecting Euronet Worldwide’s revenue to grow 9.2% year on year to $1.2 billion, in line with the 9.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.61 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Euronet Worldwide has missed Wall Street’s revenue estimates twice over the last two years.
With Euronet Worldwide being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for financial services stocks. However, the whole sector has faced a sell‑off over the last month with stocks in Euronet Worldwide’s peer group down 4.2% on average. Euronet Worldwide’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $124 (compared to the current share price of $89.12).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low‑priced stock that is gushing free cash flow AND buying back shares.
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