Wall Street analysts expect Evertec (EVTC - Free Report) 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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Wall Street analysts expect Evertec (EVTC - Free Report) 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 >>>>
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on EVTC - FREE