Group 1 - CoreCard Corporation (CCRD) shares increased by 5.7% to $27.3, following a period of 3.8% loss over the past four weeks, indicating a significant trading volume [1] - The stock surge was driven by Euronet Worldwide's strong second-quarter results and the strategic importance of its acquisition of CoreCard, which reassured investors about the deal's positive impact on earnings [2] - CoreCard is projected to report quarterly earnings of $0.29 per share, reflecting a year-over-year decline of 3.3%, while revenues are expected to reach $16.2 million, a 3.2% increase from the previous year [3] Group 2 - The consensus EPS estimate for CoreCard has remained stable over the last 30 days, suggesting that the stock's price movement may not sustain without changes in earnings estimate revisions [4] - CoreCard holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while JBT Marel (JBTM), another company in the same industry, experienced a 1.4% increase in its stock price [4] - JBT's consensus EPS estimate has increased by 1.7% over the past month to $1.51, showing a year-over-year change of 0.7%, and it also holds a Zacks Rank of 3 (Hold) [5]

Company Overview - Euronet Worldwide (EEFT) is a payments provider based in Kansas City, which has hit its 16th new 52-week low in the past 12 months, down over 11% year-over-year, trailing the S&P 500 by nearly 26 percentage points [2][4] - The stock has only traded at this low level on five occasions over the past eight years [2] Financial Performance - Euronet is expected to report its third-quarter results next Wednesday, with an average analyst earnings per share estimate of $3.35, which is 20% higher than the previous year [3] - The projected earnings per share for 2025 is $8.86, reflecting a 16% increase from 2024 [3] - The forward P/E ratio for EEFT stock is 9.4x, indicating it may be a value play [3] Industry Context - Euronet's underperformance is attributed to the payments industry, where its peer group has an average one-year return of -21.5%, which is nearly double Euronet's performance of -11.5% [4] - Euronet's stock performance ranks 140th out of 197 sub-industries over the past six months, highlighting its current struggles [5] Acquisition Activity - On July 30, Euronet announced the acquisition of CoreCard (CCRD) for $248 million, financed through EEFT stock, which is expected to enhance its U.S. presence and accelerate digital transformation [6] - The acquisition involves a variable exchange ratio for CoreCard shareholders, calculated based on the volume-weighted average price of Euronet's stock over the 15 trading days prior to the deal's closure [7]

Core Transaction Overview - The proposed sale of CoreCard Corporation (NYSE: CCRD) to Euronet Worldwide, Inc. (NasdaqGS: EEFT) involves an exchange of CoreCard shares for Euronet shares based on a calculated exchange ratio [1] - The exchange ratio will range from 0.2783 to 0.3142, depending on the Final Euronet Stock Price, which is determined by the volume weighted average share price over a specified trading period [1] - CoreCard shareholders will receive 0.3142 Euronet shares if the Final Euronet Stock Price is at or below $95.48, and 0.2783 Euronet shares if the price is at or above $107.80 [1] Legal Investigation - Kahn Swick & Foti, LLC (KSF) is investigating whether the proposed transaction adequately values CoreCard and the process leading to this valuation [1] - The investigation is led by former Louisiana Attorney General Charles C. Foti, Jr., Esq., indicating a focus on potential undervaluation of the company [1]

Company Overview - AppLovin (APP) shares increased by 4.5% to $649.59 in the last trading session, with a notable trading volume and a total gain of 48.4% over the past four weeks, driven by investor positioning ahead of its inclusion in the S&P 500 [1] Earnings Expectations - AppLovin is projected to report quarterly earnings of $2.34 per share, reflecting a year-over-year increase of 87.2%. Revenue is expected to reach $1.34 billion, marking an 11.7% rise from the same quarter last year [2] Earnings Estimate Trends - The consensus EPS estimate for AppLovin has remained stable over the last 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions. Monitoring AppLovin's performance will be crucial to determine if the recent price increase can lead to further strength [3] Industry Ranking - AppLovin holds a Zacks Rank of 1 (Strong Buy) within the Zacks Technology Services industry, while CoreCard Corporation (CCRD), another company in the same sector, has a Zacks Rank of 3 (Hold) and experienced a 2.2% decline in the last trading session [4][5]

Core Thesis - Euronet Worldwide, Inc. (EEFT) is viewed positively by P14 Capital, highlighting its potential for revaluation and growth in the fintech space [1][5] Financial Performance - For Q2, EEFT reported revenue of $1.07 billion and EPS of $2.56, slightly below consensus expectations, but maintained full-year EPS growth guidance of 12-16% [2] - The company experienced record revenue growth of 9% year-over-year and a 29% increase in direct-to-consumer digital transactions [3] Acquisition Strategy - EEFT announced the acquisition of CoreCard for approximately $248 million in a stock-for-stock deal, aimed at minimizing dilution through offsetting buybacks [2] - The acquisition is expected to enhance EEFT's valuation as a fintech, with CoreCard's revolving credit platform offering a total addressable market (TAM) exceeding $10 billion and potential margins near 50% [2] Market Positioning - Management's strategy includes deepening the software mix and expanding globally through cross-selling opportunities with existing banking and fintech clients [3] - Concerns regarding reliance on Apple and Goldman Sachs are considered manageable, with management viewing the relationship as a reference rather than a primary revenue source [3] Future Outlook - Upcoming catalysts include an Investor Day this fall, which may lead to clearer software and digital disclosures, potentially driving a re-rating of the stock from its current depressed P/E levels of approximately 12.7x [4] - EPS is forecasted at $7.85 for FY25, above guidance, with potential for buybacks and a stronger digital mix, presenting an attractive risk/reward scenario [4]

Group 1 - The Ademi Firm is investigating CoreCard for potential breaches of fiduciary duty and other legal violations related to its transaction with Euronet [1] - In the transaction, CoreCard shareholders will receive between 0.2783 and 0.3142 shares of Euronet, with the exact ratio yet to be determined [1]

Group 1: Earnings Performance - CoreCard Corporation (CCRD) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.27 per share, and up from $0.15 per share a year ago, representing an earnings surprise of +14.81% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - CoreCard's revenues for the quarter ended June 2025 were $17.59 million, exceeding the Zacks Consensus Estimate by 6.95%, and up from $13.8 million year-over-year [2] Group 2: Stock Performance and Outlook - CoreCard shares have increased approximately 24.8% since the beginning of the year, outperforming the S&P 500's gain of 10% [3] - The future performance of CoreCard's stock will depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.29 on revenues of $16.2 million, and for the current fiscal year, it is $1.10 on revenues of $66.04 million [7] Group 3: Industry Context - The Technology Services industry, to which CoreCard belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact CoreCard's stock performance [5]

Financial Performance - Society Pass Incorporated (SOPA) reported quarterly earnings of $0.1 per share, exceeding the Zacks Consensus Estimate of a loss of $0.24 per share, and showing improvement from a loss of $0.73 per share a year ago, resulting in an earnings surprise of +141.67% [1] - The company posted revenues of $2.5 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 66.73%, compared to year-ago revenues of $1.71 million [2] Stock Performance - Society Pass Incorporated shares have increased approximately 36.9% since the beginning of the year, outperforming the S&P 500's gain of 9.6% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is -$0.22 on $1.5 million in revenues, and for the current fiscal year, it is -$1.04 on $6.2 million in revenues [7] Industry Context - The Technology Services industry, to which Society Pass Incorporated belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Company Overview - CoreCard Corporation (CCRD) shares increased by 10% to close at $28.95, following a significant trading volume compared to normal sessions, despite an 8.7% loss over the past four weeks [1] - The company is set to merge with Euronet in a stock-for-stock transaction valued at approximately $248 million, or $30 per share [2] Financial Performance - CoreCard is expected to report quarterly earnings of $0.27 per share, reflecting an 80% year-over-year increase, with revenues projected at $16.45 million, a 19.2% increase from the previous year [3] - The consensus EPS estimate for CoreCard has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings estimate revisions [4] Industry Context - CoreCard operates within the Zacks Technology Services industry, where Allot Communications (ALLT) also resides, finishing the last trading session at $7.74, with a -9.4% return over the past month [4] - Allot Communications has seen a significant change in its consensus EPS estimate, dropping by 50% over the past month to $0, while still reflecting a 100% increase compared to the previous year's EPS [5]

Financial Data and Key Metrics Changes - The company reported a record second quarter with revenue of $1.1 billion, operating income of $159 million, adjusted EBITDA of $206 million, and adjusted EPS of $2.56, reflecting a 14% year-over-year growth in adjusted EPS [10][11] - Constant currency operating income growth year-over-year was 13%, indicating strong business performance despite macro uncertainties [9][11] - Consolidated operating margins expanded by more than 112 basis points compared to the prior year, with expectations for continued margin expansion in the second half of the year [11][12] Business Line Data and Key Metrics Changes - The Money Transfer segment led with constant currency operating income growth of 33%, driven by increased transaction volumes and higher principal amounts per transaction [10][15] - The EFT segment saw revenue growth of 6%, with operating income and adjusted EBITDA remaining in line with prior year results, attributed to tough comparisons from the previous year's strong performance [14] - Epay revenue grew by 5%, with operating income increasing by 17% and EBITDA by 15%, primarily due to growth in digital channel sales [14] Market Data and Key Metrics Changes - The company noted that the major currencies strengthened against the dollar, impacting reported results, but adjustments were made to normalize the impact of currency fluctuations [13] - Digital transactions in the Money Transfer segment grew by 29%, reflecting ongoing consumer demand for digital products [15][25] Company Strategy and Development Direction - The acquisition of CoreCard is a strategic move to expand into the digital payments processing space, targeting a total addressable market exceeding $10 billion with attractive operating margins [4][29] - The company aims to leverage its REN platform and the CoreCard acquisition to enhance its digital offerings and expand its addressable market [29][32] - The strategic focus includes targeting large addressable markets in global payments and foreign exchange, with a shift from legacy cash-based business lines to digital offerings [33][48] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining a growth trajectory, reaffirming an earnings growth expectation of 12% to 16% for 2025 [16][54] - The company is optimistic about the impact of recent acquisitions and partnerships, which are expected to contribute to growth in future quarters [8][29] - Management acknowledged potential challenges from macroeconomic factors but emphasized the resilience and adaptability of the business model [11][25] Other Important Information - The company repurchased $247 million of its shares during the quarter, which had a marginal benefit on adjusted EPS due to the timing of the repurchases [11][12] - The Money Transfer segment's revenue is subject to a new 1% remittance tax, affecting only 27% of its revenue, which is expected to have a limited overall impact [24] Q&A Session Summary Question: Insights on CoreCard acquisition and potential revenue concentration risks - Management acknowledged the risk associated with the Apple partnership but expressed confidence in the ability to cross-sell CoreCard's platform to other banks and fintechs globally [56][57] Question: Growth deceleration in EFT segment - Management clarified that the deceleration was due to tough comparisons from the previous year's strong performance and expressed optimism for recovery in Q3 [60][62] Question: Revenue expectations from the new U.S. bank partnership - Management indicated that revenue from the partnership is already being realized and is expected to accelerate, with significant potential for cross-selling [67][68] Question: Unit economics and margins related to the U.S. deal - Management characterized the deal as high margin due to its software nature, emphasizing its importance as a reference customer for future sales [79][80] Question: Performance in Money Transfer segment for July - Management reported a significant uptick in transaction volumes in July compared to June, indicating strong growth across digital and retail channels [81][82] Question: Impact of FX fluctuations on Money Transfer margins - Management confirmed that FX fluctuations contributed positively to margins, supporting the 33% year-over-year growth in operating income [89][90]