Evertec (NYSE:EVTC) reported its Q1 earnings results on Thursday, April 28, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Evertec beat estimated earnings by 12.9%, reporting an EPS of $0.7 versus an estimate of $0.62.
Revenue was up $10.72 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 0.7% increase in the share price the next day.
Here's a look at Evertec's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.62 | 0.57 | 0.54 |
| EPS Actual | 0.72 | 0.62 | 0.78 | 0.62 |
| Revenue Estimate | 146.39M | 142.65M | 138.35M | 133.00M |
| Revenue Actual | 155.24M | 145.88M | 149.15M | 139.53M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Evertec management provided guidance for FY 2022, expecting earnings between $2.52 and $2.6 per share.
To track all earnings releases for Evertec visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
