Euronet Worldwide Q2 2024 Adj EPS $2.25 Misses $2.26 Estimate, Sales $986.200M Miss $1.007B Estimate
Portfolio Pulse from Benzinga Newsdesk
Euronet Worldwide (NASDAQ:EEFT) reported Q2 2024 earnings of $2.25 per share, missing the analyst estimate of $2.26. Sales were $986.2 million, below the $1.007 billion estimate. Despite missing estimates, earnings and sales increased year-over-year.
July 19, 2024 | 5:16 am
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NEGATIVE IMPACT
Euronet Worldwide's Q2 2024 earnings and sales missed analyst estimates, but both metrics showed year-over-year growth. The slight miss in earnings and sales could lead to a short-term negative impact on the stock price.
The slight miss in both earnings and sales against analyst estimates is likely to cause a short-term negative reaction in the stock price. However, the year-over-year growth in both metrics may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100