Evertec (NYSE:EVTC) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Evertec beat estimated earnings by 16.13%, reporting an EPS of $0.72 versus an estimate of $0.62.
Revenue was up $21.04 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.0 which was followed by a 0.75% increase in the share price the next day.
Here's a look at Evertec's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.62 | 0.57 | 0.54 | 0.54 |
| EPS Actual | 0.62 | 0.78 | 0.62 | 0.59 |
| Revenue Estimate | 142.65M | 138.35M | 133.00M | 133.44M |
| Revenue Actual | 145.88M | 149.15M | 139.53M | 134.20M |
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 their next quarter, expecting earnings between $2.47 and $2.56 per share for the next quarter.
This represents a 249.31% in quarter-over-quarter growth for Evertec, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
