Overview

* Evertec ( EVTC ) Q3 revenue rises 8% to $228.6 mln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

* Company completed acquisition of 75% of Tecnobank, expanding in Brazil

Outlook

* Evertec ( EVTC ) raises 2025 revenue outlook to $921 mln-$927 mln, up from prior $6.6%-7.6% growth

* Company expects 2025 adjusted EPS of $3.56-$3.62, up from prior 4.8%-7.0% growth

* Evertec ( EVTC ) maintains 2025 capital expenditures forecast at $85 mln

Result Drivers

* ORGANIC GROWTH - Revenue growth driven by organic expansion across all segments and acquisitions from late 2024

* MERCHANT ACQUIRING - Higher sales volume and non-transactional revenues boosted merchant acquiring revenue, despite a slight decrease in spread

* NET INCOME FACTORS - Net income increase driven by higher revenues, lower depreciation and amortization, lower interest expenses, and a gain on tax credits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $228.60 $224.70

Revenue mln mln (5

Analysts

)

Q3 Beat $0.92 $0.89 (6

Adjusted Analysts

EPS )

Q3 Net $32.90

Income mln

Q3 Slight $92.60 $92 mln

Adjusted Beat* mln (5

EBITDA Analysts

)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $37.00, about 22.9% above its November 5 closing price of $28.53

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(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.)