The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Euronet Worldwide met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew.
Margins expanded across the board.
Euronet Worldwide logged revenue of $316.4 million. The five analysts polled by S&P Capital IQ hoped for revenue of $316.7 million on the same basis. GAAP reported sales were 5.6% higher than the prior-year quarter's $299.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The six earnings estimates compiled by S&P Capital IQ anticipated $0.41 per share. GAAP EPS were $0.28 for Q3 compared to -$0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.3%, 60 basis points better than the prior-year quarter. Operating margin was 7.6%, 90 basis points better than the prior-year quarter. Net margin was 4.6%, 570 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $337.2 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $1.27 billion. The average EPS estimate is $1.59.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 99 members out of 106 rating the stock outperform, and seven members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Euronet Worldwide a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Euronet Worldwide is buy, with an average price target of $24.88.
Is Euronet Worldwide playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.
- Add Euronet Worldwide to My Watchlist.