Evertec (EVTC) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Evertec reported revenue of $211.8 million for the quarter ended September 2024, reflecting a year-over-year increase of 22.3% [1] - The company's EPS was $0.86, up from $0.80 in the same quarter last year, exceeding the consensus EPS estimate of $0.73 by 17.81% [1] Revenue Performance - Payment Services - Puerto Rico & Caribbean generated $52.76 million, slightly below the estimated $53.58 million, marking a year-over-year increase of 2.2% [3] - Payment Services - Latin America reported $76.03 million, significantly above the previous year's figure, with a year-over-year growth of 64.7%, although it fell short of the $79.49 million estimate [3] - Merchant acquiring, net revenues reached $45.44 million, surpassing the average estimate of $43.53 million, representing a 12% increase year over year [3] - Business solutions revenues were $61.10 million, exceeding the estimated $57.73 million, with an 8.1% year-over-year growth [3] - Corporate and Other segment reported -$23.53 million, in line with estimates, showing an 8.8% improvement compared to the previous year [3] Stock Performance - Over the past month, Evertec's shares have declined by 2.9%, contrasting with a 0.7% increase in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]