Euronet Worldwide, Inc. beat analysts estimates on earnings. Its revenue, though increased from the year-ago period, still fell short of expectations.
The electronic payment services company’s third-quarter 2019 earnings came in at $2.84 per share, surpassing the Zacks Consensus Estimate by 1.4%. Earnings were +31.5% higher compared to the year-ago quarter.
Total revenue increased +10.1% year-over-year to $787 million – but missed the Zacks Consensus Estimate by -4%.
EFT Processing Segment saw total revenues surge +21% (+26% in constant currency) year over year. Operating income for the segment was + 37% higher from the year-ago quarter (+42% on constant currency basis).
The company’s epay Segment’s total revenues increased +3% year-over-year (+7% up on constant currency basis). Operating income was up +23% year-over-year (+27% on constant currency basis).
The Money Transfer Segment’s revenues rose + 5% (+7% at constant currency). Operating income for this segment was up +6% in constant currency.
Euronet’s total transactions for the quarter came in at 1.23 million, representing a +21% year- over –year increase. The company’s overall operating income rose almost +29% to $194 million in the quarter.
Looking ahead, Euronet expects adjusted earnings per share for the fourth quarter to be around $1.61 (assuming foreign exchange to be stable).
EEFT saw its Momentum Indicator move below the 0 level on May 30, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned negative. In of the 96 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for EEFT moved out of overbought territory on May 23, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for EEFT turned negative on May 26, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EEFT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EEFT broke above its upper Bollinger Band on May 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
EEFT moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EEFT advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EEFT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.374) is normal, around the industry mean (31.306). P/E Ratio (24.155) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (1.760) is also within normal values, averaging (70.523).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of electronic financial processing services
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A.I.dvisor indicates that over the last year, EEFT has been closely correlated with WEX. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if EEFT jumps, then WEX could also see price increases.
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