Financial technology provider Euronet Worldwide (NASDAQ: EEFT) will be announcing earnings results this Wednesday before the bell. Here’s what to look for.
Euronet Worldwide met analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, up 5.9% year on year. It was a mixed quarter for the company, with revenue in line with analysts’ estimates but .
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 5.9% year on year, in line with the 6.8% 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 to 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 Q1 results, giving us a hint as to what we can expect. WEX delivered year-on-year revenue growth of 5.8%, meeting analysts’ expectations, and Western Union reported flat revenue, topping estimates by 1.1%. WEX traded down 16.3% following the results while Western Union’s stock price was unchanged.
Read our full analysis of WEX’s results here and Western Union’s results here.
There has been positive sentiment among investors in the financial services segment, with share prices up 13% on average over the last month. Euronet Worldwide is up 9.3% during the same time and is heading into earnings with an average analyst price target of $86.29 (compared to the current share price of $72.10).
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