Euronet Worldwide, Inc. (EEFT) is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand.Zacks Rank & Price RallyEuronet currently carries a Zacks Rank #3 (Hold).The stock has gained 20% in the past year.Image Source: Zacks Investment ResearchFavorable Style ScoreEEFT is well-poised for progress, as evidenced by its impressive VGM Score of A. Here, V stands for Value, G for Growth and M for Momentum, and the score is a weighted combi ...

It has been about a month since the last earnings report for Euronet Worldwide (EEFT) . Shares have added about 2.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Euronet Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Euronet Worldwide Q3 Earnings Miss ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) Delaware 74-2806888 (State or other jurisdiction ...

Shares of Euronet Worldwide, Inc. (EEFT) have gained 2.5% since it reported third-quarter 2024 results on Oct. 23. Despite an earnings miss, the quarterly results benefited on the back of robust growth in high-volume low-value transactions in India, strong cross-border and direct-to-consumer digital transaction growth in the Money Transfer segment and expanding merchant services business. However, the upside was partly offset by inflationary pressures, rising operating expenses and adversities on the epay s ...

| --- | --- | --- | |-------|------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | Third Quarter 2024 Financial Results | | | | Michael J. Brown \| Chairman & CEO Rick L. Weller \| EVP & CFO Adam Godderz \| General Counsel | | | | Euronet \| www.euronetworldwide.com | | Forward Looking Statements Statements contained in this news release that concern Euronet's or its management's intentions, expectations, or pred ...

Start Time: 09:00 January 1, 0000 10:02 AM ET Euronet Worldwide, Inc. (NASDAQ:EEFT) Q3 2024 Results Conference Call October 24, 2024, 09:00 AM ET Company Participants Michael Brown - Chairman and CEO Rick Weller - EVP and CFO Kevin Caponecchi - EVP and CEO, epay, Software and EFT Asia Pacific Division Adam Godderz - General Counsel Conference Call Participants Andrew Schmidt - Citigroup Gus Gala - Monness, Crespi, Hardt & Co. Peter Heckmann - DA Davidson Cris Kennedy - William Blair Operator Good day, and t ...

Financial Data and Key Metrics Changes - The company reported record third-quarter results with revenue of $1.1 billion, operating income of $182 million, adjusted EBITDA of $226 million, and adjusted EPS of $3.03, which is an 11% increase compared to the prior year [4][5] - Adjusted EPS for the first three quarters of the year was 17% higher than the previous year, indicating strong performance [5][6] - Free cash flow for the quarter was nearly $100 million, and the company repurchased 1 million shares, which is expected to improve future EPS by 2% [7][8] Business Line Data and Key Metrics Changes - The EFT segment experienced double-digit constant currency operating income and adjusted EBITDA growth [4] - Money Transfer segment reported a 10% revenue growth, 7% operating income growth, and 4% adjusted EBITDA growth, driven by double-digit growth in cross-border transactions [10] - The epay segment achieved 10% revenue growth, with operating income and EBITDA growth of 2% and 3% respectively, impacted by product mix changes and inflationary pressures [9] Market Data and Key Metrics Changes - The company noted a 96% recovery rate in European tourism compared to 2019, which positively influenced the EFT segment [21] - The domestic ATM transaction count in Europe is showing stability, with a slight increase of 2.2% compared to pre-pandemic levels [17] - The company is expanding into new markets, including Albania, Belgium, Mexico, Egypt, Philippines, and Morocco, contributing to growth in the EFT segment [22] Company Strategy and Development Direction - The company aims to continue delivering double-digit earnings growth, with a focus on digital transformation and expansion into new markets [20][40] - Euronet is diversifying its product offerings and investing in digital channels, with a strong emphasis on real-time remittances and digital cross-border payments [20][30] - The company is leveraging its Ren technology to enhance its payment processing capabilities and expand its market reach [24][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving double-digit growth rates into 2025, supported by a robust pipeline of opportunities [40][41] - The company acknowledged the evolving landscape post-COVID and emphasized the importance of adapting to changing consumer preferences [13][18] - Management highlighted the stability of cash usage in Europe and the ongoing relevance of cash transactions alongside digital growth [17][18] Other Important Information - The company ended the third quarter with $1.5 billion in unrestricted cash and $2.3 billion in debt, with a revolving credit facility availability of approximately $670 million [8] - The company is focusing on enhancing its competitive advantage through strategic partnerships and expanding its merchant services business [31][40] Q&A Session Summary Question: Sustainability of trends in the EFT segment and ATM transaction trajectory - Management acknowledged that international transactions are down slightly but emphasized the potential for growth in underserved markets [42][43][45] Question: Performance in the money transfer segment amidst market challenges - Management noted that despite market challenges, the company is gaining market share and experiencing strong growth in transactions [46][47] Question: Incremental margins in the EFT segment and future growth potential - Management indicated that while margins may not return to pre-COVID levels, there are opportunities for growth through new access fees and expanding merchant services [49][51] Question: Investments in the epay segment and product diversification - Management highlighted ongoing investments in diversifying the epay business and developing proprietary products to reduce reliance on third-party content [52][53] Question: Impact of promotional campaigns on epay growth - Management confirmed that promotional campaigns are expected to significantly boost fourth-quarter performance, but future growth may revert to more normal seasonality [56][58] Question: Strategic significance of the partnership with PLS Financial Services - Management clarified that the partnership is exclusive and expected to generate significant volume due to PLS's strong customer base and focus on money transfer services [59][60][61]

For the quarter ended September 2024, Euronet Worldwide (EEFT) reported revenue of $1.1 billion, up 9.5% over the same period last year. EPS came in at $3.03, compared to $2.72 in the year-ago quarter.The reported revenue represents a surprise of +3.56% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $3.12, the EPS surprise was -2.88%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

Contact: Euronet Worldwide, Inc. Stephanie Taylor +1-913-327-4200 Euronet Worldwide Reports Third Quarter 2024 Financial Results LEAWOOD, KANSAS, USA - October 23, 2024 - 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% i ...

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 ...