Financial technology provider Euronet Worldwide (NASDAQ: EEFT) will be reporting results this Thursday before the bell. Here’s what you need to know.
Euronet Worldwide beat analysts’ revenue expectations last quarter, reporting revenues of $1.01 billion, up 10.5% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates.
Is Euronet Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Euronet Worldwide’s revenue to grow 6.3% year on year, slowing from the 8.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Euronet Worldwide has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Euronet Worldwide’s peers in the financial services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. PayPal delivered year-on-year revenue growth of 4.8%, beating analysts’ expectations by 2.5%, and WEX reported revenues up 14.2%, topping estimates by 1.8%. WEX traded up 10.1% following the results.
Read our full analysis of PayPal’s results here and WEX’s results here.
There has been positive sentiment among investors in the financial services segment, with share prices up 8.9% on average over the last month. Euronet Worldwide is up 14.4% during the same time and is heading into earnings with an average analyst price target of $88.33 (compared to the current share price of $82.75).
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