EVERTEC Expects 2024 Total Consolidated Revenue Of $844M-$854M (Est $770.426M), Adjusted EPS Of $2.82-$2.94 (Est $3.00)
Portfolio Pulse from Benzinga Newsdesk
EVERTEC anticipates its 2024 total consolidated revenue to be between $844M and $854M, surpassing the estimated $770.426M. However, its adjusted EPS is expected to range from $2.82 to $2.94, slightly below the estimated $3.00.
February 28, 2024 | 9:19 pm
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EVERTEC's 2024 revenue forecast significantly exceeds expectations, but its adjusted EPS is projected to be slightly below estimates.
The higher-than-expected revenue forecast for 2024 could be seen as a positive signal for growth, potentially boosting investor confidence in EVERTEC's market position and operational efficiency. However, the slightly lower adjusted EPS projection compared to estimates might temper enthusiasm, as it could indicate concerns about profitability or cost management. The net impact on the stock price in the short term is likely neutral, as the positive revenue outlook could be offset by the slight disappointment in EPS expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100