What Analyst Projections for Key Metrics Reveal About Evertec (EVTC) Q4 Earnings
Wall Street analysts expect Evertec (EVTC) to post quarterly earnings of $0.64 per share in its upcoming report, which indicates a year-over-year decline of 1.5%. Revenues are expected to be $176.14 million, up 8.9% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Evertec metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenues- Payment Services - Puerto Rico & Caribbean' to reach $49.55 million. The estimate suggests a change of +3.7% year over year.
The average prediction of analysts places 'Revenues- Payment Services - Latin America' at $37.29 million. The estimate suggests a change of +6.8% year over year.
Analysts predict that the 'Revenues- Merchant acquiring, net' will reach $40.14 million. The estimate indicates a year-over-year change of +0.3%.
The collective assessment of analysts points to an estimated 'Revenues- Business solutions' of $59.18 million. The estimate suggests a change of +0.9% year over year.
View all Key Company Metrics for Evertec here>>>
Over the past month, Evertec shares have recorded returns of +1.7% versus the Zacks S&P 500 composite's +4.7% change. Based on its Zacks Rank #3 (Hold), EVTC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Evertec, Inc. (EVTC) : Free Stock Analysis Report
