Overview

* Evertec ( EVTC ) Q2 revenue up 8% to $229.6 mln, beating analysts' expectations

* Adjusted EPS for Q2 rises 7% to $0.89, exceeding estimates, per LSEG data

* Co increases share repurchase authorization to $150 mln, extends program

Outlook

* Evertec ( EVTC ) raises full-year revenue outlook to $901 mln-$909 mln

* Company expects adjusted EPS between $3.44 and $3.52

* Evertec ( EVTC ) anticipates capital expenditures of approximately $85 mln

* Company maintains adjusted effective tax rate of 6% to 7%

Result Drivers

* ORGANIC GROWTH - Revenue growth driven by organic growth across all segments and contributions from acquisitions

* PRICING INITIATIVES - Merchant acquiring revenue benefited from improved spread due to prior year pricing initiatives

* ATH MOVIL - Payments Puerto Rico revenue increased from ATH Movil and transaction growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $229.60 $222.30

Revenue mln mln (5

Analysts

)

Q2 Beat $0.89 $0.86 (6

Adjusted Analysts

EPS )

Q2 Beat $57.70 $55.80

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net $40.50

Income mln

Q2 Beat $92.60 $90.40

Adjusted mln mln (5

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy"

* Wall Street's median 12-month price target for Evertec Inc ( EVTC ) is $39.00, about 14.3% above its July 29 closing price of $33.44

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)