Here's What Key Metrics Tell Us About Evertec (EVTC) Q2 Earnings

Core Insights - Evertec reported revenue of $211.98 million for the quarter ended June 2024, marking a 26.9% increase year-over-year, with EPS at $0.83 compared to $0.71 in the previous year [1] - The revenue exceeded the Zacks Consensus Estimate of $209.4 million, resulting in a surprise of +1.23%, while the EPS surpassed the consensus estimate of $0.69 by +20.29% [1] Revenue Performance by Segment - Payment Services - Puerto Rico & Caribbean generated $54.20 million, exceeding the average estimate of $53.66 million, reflecting a year-over-year increase of +6.7% [3] - Payment Services - Latin America reported $74.67 million, below the average estimate of $78.80 million, but showed a significant year-over-year growth of +91.1% [4] - Merchant acquiring, net revenues were $45.32 million, surpassing the estimated $42.62 million, with a year-over-year increase of +9.9% [5] - Business solutions revenues reached $62.34 million, exceeding the average estimate of $58.75 million, representing a year-over-year growth of +9.4% [6] - Corporate and Other segment reported revenues of -$24.55 million, worse than the average estimate of -$22.89 million, but still showing a year-over-year improvement of +16.8% [7] Stock Performance - Evertec's shares have returned +4.1% over the past month, contrasting with the Zacks S&P 500 composite's decline of -0.4% [7]