Shares of Euronet Worldwide, Inc. (NASDAQ: EEFT) have gained 23.6% in the past year compared with the industry's 21.6% growth. With a market capitalization of $4.8 billion, the average volume of shares traded in the last three months was 0.4 million.
Euronet's growth is driven by expansions in its EFT Processing and Money Transfer segments, robust ATM network enhancements, strategic acquisitions and partnerships, all underpinned by a solid financial foundation.
The company, presently carrying a Zacks Rank #3 (Hold), has a decent record of beating estimates in three of the trailing four quarters and matching the mark once, the average earnings surprise being 9.04%.
Return on equity in the trailing 12 months is currently 31.7%, which is higher than the industry's average of 20.9%. This substantiates the company's efficiency in utilizing shareholders' funds.
Image Source: Zacks Investment Research
Robust Growth Prospects of EEFT Stock
The Zacks Consensus Estimate for Euronet's 2024 earnings is pegged at $8.64 per share, which indicates a 15.8% increase from the 2023 figure. The consensus mark for revenues is $3.9 billion, implying 6.2% growth from the year-ago figure.
The Zacks Consensus Estimate for 2025 earnings is pegged at $9.70 per share, which implies an 12.3% improvement from the 2024 estimate. The consensus mark for revenues is $4.2 billion, implying a 8.1% rise from the 2024 estimate.
Can Euronet Retain the Momentum?
Euronet's revenues continue to see robust growth, primarily driven by its EFT Processing and Money Transfer segments. In ...
