Euronet Worldwide (EEFT) Tops Q4 EPS by 9c, Revenues Miss; Offers Q1 EPS Guidance Above Consensus
Euronet Worldwide (NASDAQ: EEFT) reported Q4 EPS of $1.37, $0.09 better than the analyst estimate of $1.28. Revenue for the quarter came in at $649.4 million versus the consensus estimate of $663.6 million.
- Revenues of $649.4 million, a 7% increase from $604.6 million (10% increase on a constant currency(1) basis).
- Operating income of $71.2 million, a 73% increase from $41.1 million (77% increase on a constant currency basis).
- Adjusted operating income(2) of $84.8 million, a 15% increase from $73.6 million (18% increase on a constant currency basis).
- Adjusted EBITDA(3) of $116.3 million, a 13% increase from $102.9 million (16% increase on a constant currency basis).
- Net income attributable to Euronet of $60.0 million or $1.10 diluted earnings per share, compared with net loss of $22.9 million or $0.44 diluted loss per share.
- Adjusted earnings per share(4) of $1.37, a 21% increase from $1.13.
- Transactions of 1.08 billion, a 15% increase from 937 million.
"We finished the year strong, delivering fourth quarter adjusted EPS of $1.37, a 21% year-over-year increase," stated Michael J. Brown, Euronet's Chairman and Chief Executive Officer. "This strong fourth quarter growth included double-digit revenue and adjusted EBITDA contributions from all three segments, together with beneficial income tax expense. EFT sustained its growth from continued expansion of our ATM networks. epay delivered a strong fourth quarter resulting from seasonally strong sales of non-mobile content. And Money Transfer continued its strong growth trends from success in both the physical and digital channels."
"For the full year, we delivered adjusted EPS of $5.53, a 21% year-over-year increase and the sixth consecutive year we have delivered strong double-digit growth in adjusted EPS," continued Mr. Brown. "All three segments contributed to this growth through continued focus on network and product expansion in new and existing markets."
GUIDANCE:
Euronet Worldwide sees Q1 2019 EPS of $0.83, versus the consensus of $0.82.
For earnings history and earnings-related data on Euronet Worldwide (EEFT) click here.
