Financial Performance - Revenues for Q3 2024 were $1,099.3 million, a 9% increase from $1,004.0 million in Q3 2023[1] - Net income attributable to Euronet was $151.5 million, or $3.21 diluted earnings per share, compared to $104.2 million, or $2.05 diluted earnings per share in the prior year[2] - Adjusted EPS for Q3 2024 was $3.03, an 11% increase from $2.72 in Q3 2023[3] - The EFT Processing Segment reported revenues of $373.0 million, an 8% increase from $345.8 million[5] - The Money Transfer Segment generated revenues of $438.2 million, an 11% increase from $395.9 million[8] - Total revenues for the three months ended September 30, 2024, increased to $1,099.3 million, up from $1,004.0 million in the same period of 2023, representing a growth of approximately 9.5%[21] - Net income attributable to Euronet Worldwide, Inc. for the three months ended September 30, 2024, was $151.5 million, compared to $104.2 million for the same period in 2023, reflecting a year-over-year increase of approximately 45.3%[24] - Operating income for the three months ended September 30, 2024, was $182.2 million, compared to $167.0 million for the same period in 2023, showing an increase of about 9.0%[21] - Adjusted EBITDA for the three months ended September 30, 2024, was $225.7 million, compared to $212.5 million for the same period in 2023, reflecting an increase of approximately 6.2%[22] - Earnings per share attributable to Euronet Worldwide, Inc. stockholders for the three months ended September 30, 2024, was $3.21, up from $2.05 in the same period of 2023, indicating a growth of approximately 56.6%[21] Cash and Indebtedness - Unrestricted cash and cash equivalents were $1,524.1 million as of September 30, 2024, up from $1,271.8 million as of June 30, 2024[11] - Cash and cash equivalents increased to $1,524.1 million as of September 30, 2024, compared to $1,254.2 million as of December 31, 2023, representing a growth of about 21.5%[20] - Euronet's total indebtedness was $2,278.8 million as of September 30, 2024, compared to $2,270.2 million as of June 30, 2024[11] Share Repurchase and Future Expectations - The company repurchased 1 million shares for $101.3 million during Q3 2024, which is expected to improve future earnings per share by 2%[11] - Euronet expects adjusted EPS growth of 10-15% year-over-year for 2024, consistent with historical growth rates[4] Assets and Liabilities - Total current assets as of September 30, 2024, amounted to $4,385.8 million, an increase from $4,162.7 million as of December 31, 2023, indicating a growth of about 5.4%[20] - Total liabilities increased to $4,927.1 million as of September 30, 2024, compared to $4,644.7 million as of December 31, 2023, representing an increase of approximately 6.1%[20] Operating Expenses and Foreign Currency Impact - Total operating expenses for the three months ended September 30, 2024, were $917.1 million, an increase from $837.0 million in the same period of 2023, reflecting a rise of approximately 9.6%[21] - The company reported a foreign currency exchange loss of $27.4 million for the three months ended September 30, 2024, compared to a gain of $8.8 million in the same period of 2023[24] Transaction Growth - Total transactions in the EFT Processing Segment increased by 34% to 2,982 million[5]

LEAWOOD, Kan., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports third quarter 2024 financial results. Euronet reports the following consolidated results for the third quarter 2024 compared with the same period of 2023: Revenues of $1,099.3 million, a 9% increase from $1,004.0 million (9% increase on a constant currency1 basis).Operating income of $182.2 million, a 9% increase ...

Core Viewpoint - Euronet Worldwide, Inc. is set to release its third-quarter 2024 results on October 24, 2024, with earnings per share estimated at $3.12, reflecting a 14.7% increase from the previous year [1] - The revenue consensus estimate stands at $1.1 billion, indicating a 5.7% growth year-over-year [1] Earnings Estimates - The Earnings ESP for Euronet is +0.96%, but the company currently holds a Zacks Rank of 4 (Sell), suggesting a lack of confidence in an earnings beat this quarter [2] Revenue Drivers - Revenue growth is expected from the EFT Processing, epay, and Money Transfer segments, with EFT Processing revenues estimated at $373.9 million, an 8.1% increase from the prior year [3] - The epay segment is projected to generate $266 million in revenues, a 0.4% improvement year-over-year, driven by growth in digital media content and prepaid mobile markets [3] - The Money Transfer segment is anticipated to reach $423.4 million in revenues, reflecting a 6.9% growth, supported by an increase in U.S.-outbound transactions and digital transactions [4] Margin Pressures - Euronet's margins may be negatively impacted by rising operating expenses due to inflation, increased competition, and higher marketing costs in the Money Transfer segment [4] Stock Performance & Valuation - Euronet's stock has increased by 19.2% over the past year, underperforming the industry average growth of 40% and the S&P 500's 37.1% increase [5] - The company's current valuation is at 10.25X forward 12-month earnings, below its five-year median of 16.18X and the industry's average of 15.16X, indicating a lack of investor confidence [5] Growth Prospects - Euronet shows potential for growth through diversified product offerings, geographic expansion, and strategic partnerships, particularly in EFT Processing and Money Transfer [7] - However, challenges such as increasing operating expenses, debt burden, and competition in the Money Transfer segment may pressure margins [7] Investment Considerations - The reliance on marketing expenses and a competitive money transfer market raises concerns about the timing for investment in Euronet's stock [8] - Current shareholders may consider locking in profits due to the company's operating margin profile and limited short-term growth potential [8]

Core Insights - Euronet Worldwide (EEFT) is expected to report quarterly earnings of $3.12 per share, reflecting a year-over-year increase of 14.7% [1] - Anticipated revenues for the quarter are projected to be $1.06 billion, showing a 5.7% increase compared to the same quarter last year [1] - The consensus EPS estimate has been revised upward by 1% in the past 30 days, indicating a reassessment by analysts [1] Revenue Segments - Revenue from the EFT Processing Segment is forecasted to reach $373.93 million, representing an 8.1% year-over-year change [2] - The Money Transfer Segment is expected to generate revenues of $423.37 million, indicating a 6.9% increase from the previous year [2] - Revenue from the epay Segment is projected at $265.53 million, reflecting a slight increase of 0.4% year-over-year [2] Stock Performance - Euronet Worldwide shares have experienced a decline of 4.6% over the past month, contrasting with the S&P 500 composite's increase of 2.8% [2] - The company holds a Zacks Rank of 4 (Sell), suggesting it may underperform the overall market in the near future [2]

LEAWOOD, Kan., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Euronet (or the "Company") (NASDAQ: EEFT) announced today it will release third quarter 2024 earnings results prior to the market opening on Thursday, October 24, 2024. Euronet will hold a conference call the same day at 9:00 a.m. Eastern Time to discuss the results. The conference call and accompanying slide show presentation will be accessible via webcast by following the link posted on http://ir.euronetworldwide.com. Participants wanting to access the conf ...

Euronet Worldwide (EEFT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss ...

Euronet Worldwide, Inc.'s (EEFT) Ria Money Transfer ("RIA") inked a deal with a leading community financial services retailer, PLS Financial Services, headquartered in Chicago. Under this new collaboration, RIA will be the exclusive money transfer service provider for more than 200 PLS Check Cashers in the United States. This move bodes well for EEFT as this partnership opens a new channel for Ria to expand money transfer services, which include real-time account deposits to 4.1 billion bank accounts and ac ...

Shares of Euronet Worldwide, Inc. (EEFT) have gained 23.6% in the past year compared with the industry's 21.6% growth. With a market capitalization of $4.8 billion, the average volume of shares traded in the last three months was 0.4 million. Euronet's growth is driven by expansions in its EFT Processing and Money Transfer segments, robust ATM network enhancements, strategic acquisitions and partnerships, all underpinned by a solid financial foundation. The company, presently carrying a Zacks Rank #3 (Hold) ...

Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to their inherent risks and volatility [1] Group 1: Company Overview - Euronet Worldwide (EEFT) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] - The company is an electronic payments and transactions processor, making it a relevant growth pick [3] Group 2: Earnings Growth - Historical EPS growth rate for Euronet Worldwide is 10.6%, with projected EPS growth of 16.2% this year, surpassing the industry average of 16.1% [5] Group 3: Asset Utilization - Euronet Worldwide has an asset utilization ratio (sales-to-total-assets ratio) of 0.67, indicating it generates $0.67 in sales for every dollar in assets, compared to the industry average of 0.22 [7] - The company's sales are expected to grow by 6.2% this year, significantly higher than the industry average of 0.1% [7] Group 4: Earnings Estimate Revisions - Current-year earnings estimates for Euronet Worldwide have been revised upward, with the Zacks Consensus Estimate increasing by 1.1% over the past month [9] - The positive trend in earnings estimate revisions correlates with potential near-term stock price movements [8] Group 5: Investment Potential - Euronet Worldwide holds a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating it is a potential outperformer and a solid choice for growth investors [10]

Core Insights - The article emphasizes the importance of the Zacks Rank system in identifying winning stocks through earnings estimates and revisions [1] - Value investing is highlighted as a favored strategy that seeks to find undervalued companies using fundamental analysis and traditional valuation metrics [2] - The Style Scores system is introduced, particularly its "Value" category, which helps investors identify stocks with high value grades and strong Zacks Ranks [3] Company Analysis: Euronet Worldwide (EEFT) - Euronet Worldwide currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock has a Forward P/E ratio of 10.31, significantly lower than the industry average of 12.68, suggesting it may be undervalued [4] - Over the past year, EEFT's Forward P/E has fluctuated between 9.29 and 13.82, with a median of 11.63, indicating variability in market perception [4] - The P/S ratio for EEFT is 1.15, compared to the industry average of 1.76, reinforcing the notion of undervaluation [5] - EEFT's P/CF ratio stands at 11.13, which is attractive relative to the industry's average of 12.47, further supporting its undervalued status [6] - The metrics suggest that Euronet Worldwide is likely undervalued, and its strong earnings outlook makes it an appealing investment opportunity [7]