Euronet Worldwide (EEFT) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Euronet Worldwide (EEFT) reported $1 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 7.8%. EPS of $2.72 for the same period compares to $2.74 a year ago.
The reported revenue represents a surprise of +2.42% over the Zacks Consensus Estimate of $980.25 million. With the consensus EPS estimate being $2.70, the EPS surprise was +0.74%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Euronet Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- EFT Processing Segment: $345.80 million versus $323.91 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.2% change.
Revenue- epay Segment: $264.50 million versus the four-analyst average estimate of $256.09 million. The reported number represents a year-over-year change of +6.3%.
Revenue- Money Transfer Segment: $395.90 million versus $401.70 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
View all Key Company Metrics for Euronet Worldwide here>>>
Shares of Euronet Worldwide have returned -4% over the past month versus the Zacks S&P 500 composite's -3.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Euronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report
