Euronet Worldwide Down 5.34% To $98.01 After Earnings Beat

Euronet Worldwide, Inc. (EEFT) reported better than expected earnings this afternoon for Q2 2022.

Analyst expectations for Euronet Worldwide earnings per share (EPS) were at $1.69, with the company surpassing those estimates with a reported EPS of $1.73, leading to a positive surprise of $0.04 per share (2%). Euronet Worldwide's earnings rose 226% year-over-year as the firm reported an EPS of $0.53 in its year-ago quarter. The positive annual growth shows the Technology company is performing well amid recent economic conditions.

Analyst projections for Euronet Worldwide revenue came in at a consensus of $812.8 million. Second-Quarter revenues surpassed estimates for $843.3 million by $30.5 million (4%). The company achieved 18% growth year-over-year compared to the firm's revenue of $714.7 million from the year-ago quarter. The higher earnings growth relative to revenue signals Euronet Worldwide has improved its profit margin.

The stock is down 5.34% to $98.01 after the report.

Euronet Worldwide's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 45. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Euronet Worldwide is a provider of electronic financial transaction solutions. The company operates an independent network of ATMs in Europe, along with a network for prepaid products such as mobile top-ups, and processes point-of-sale transactions. Euronet Worldwide also offers global money transfers, payment services and software, and banking services, credit and debit card outsourcing services, and card issuing and merchant acquiring services. The largest segment by operating income, electronical financial transaction processing, primarily generates revenue from monthly ATM management fees and currency conversion transactions. The largest country by revenue is the United States of America.