Evertec IncEVTC
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, and full-year guidance raised.
Impact on stocks 1
Digital Finance & Tokenization
Evertec IncEVERTEC Q2 Revenue Beats Estimates, Raises Full-Year Guidance
Earnings
EVERTEC reported second-quarter revenue of $274.8 million, beating analyst estimates of $263.2 million and growing 19.7% year over year. Adjusted EPS came in at $1.05 versus estimates of $0.95, and adjusted EBITDA was $109.3 million against estimates of $103.6 million. The company raised its full-year revenue guidance to $1.09 billion at the midpoint from $1.08 billion, and its full-year adjusted EPS guidance of $3.99 at the midpoint beat analyst estimates by 1.8%. CEO Morgan Schuessler highlighted new partnerships with Transbank in Chile and Clip in Mexico as key milestones, with the Transbank deal expected to ramp fully in 2028. Operating margin declined to 19.4% from 24.4% a year earlier, and the company's market capitalization stands at $1.77 billion.
Evertec IncQ2 revenue and EPS beat estimates, and full-year guidance raised.