Euronet Worldwide (EEFT) Q3 earnings report preview: what to look for

Financial technology provider Euronet Worldwide (NASDAQ:EEFT) will be reporting results this Tuesday before market open. Here’s what you need to know.

Euronet Worldwide missed analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, up 3.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Euronet Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Euronet Worldwide’s revenue to grow 3.9% year on year, in line with the 4.2% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Euronet Worldwide has missed Wall Street’s revenue estimates multiple times over the last two years.

With Euronet Worldwide being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for financial services stocks. However, investors in the segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Euronet Worldwide is up 2.5% during the same time .

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