Recap: Evertec Q4 Earnings
Portfolio Pulse from Benzinga Insights
Evertec (NYSE:EVTC) reported Q4 earnings with an EPS of $0.62, missing estimates by -3.0% against an expected $0.64. Revenue increased by $32.83 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 4.0% the following day. The company's past earnings performance shows a pattern of fluctuating EPS and revenue figures.
February 28, 2024 | 9:15 pm
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Evertec reported a Q4 EPS of $0.62, missing the estimated $0.64, with revenue up $32.83M from last year. Past performance shows a drop in share price following earnings beat.
The missed earnings estimate and the historical context of a share price drop following an earnings beat suggest a potential short-term negative impact on EVTC's stock price. The increase in revenue indicates some positive aspects, but the missed EPS estimate is likely to weigh more heavily on investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100