Update: Euronet Worldwide Earnings-Strong Revenue And EPS Growth, Guidance Exceeds Expectations
Martin Vlcek • Wed, Jul. 30
- EEFT reported a strong second quarter, with $0.58 EPS, beating by $0.01. Revenue was $395.5M, beating by 6.6%. Q3 guidance of $0.73 adjusted EPS beat consensus estimates by $0.05.
- The long thesis based on acquisition-driven growth played out well, but my bet that MoneyGram would be the target did not materialize.
- I am reiterating my buy recommendation and increasing my target price to $60 within 12 months based on continued strong competitive position and further top line growth potential.