Here's Why You Should Retain Euronet (EEFT) Stock for Now

Zacks2023-12-22

Euronet Worldwide, Inc. EEFT is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand. Zacks Rank & Price Rally Euronet ...

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EEFT is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand.\nZacks Rank & Price Rally\nEuronet ...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-retain-euronet-eeft-173700077.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why You Should Retain Euronet (EEFT) Stock for Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why You Should Retain Euronet (EEFT) Stock for Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-22 01:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/heres-why-retain-euronet-eeft-173700077.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Euronet Worldwide, Inc. EEFT is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand.\nZacks Rank & Price Rally\nEuronet ...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-retain-euronet-eeft-173700077.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2430703095.HKD","symbol_name":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-retain-euronet-eeft-173700077.html","article_id":"2393481273","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/75Uyc.avUEO.Rc7FCJh_vQ--~B/aD0zNzI7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d8e716ad8bb9f0785b7598047d361bd1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2393481273","pubTimestamp":1703180220,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Euronet Worldwide, Inc. EEFT is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand.Euronet currently carries a Zacks Rank #3 .The stock has gained 23.7% in the past three months compared with the industry’s 12.4% growth. The Zacks Finance sector and S&P 500 composite gained 10.7% and 9.8%, respectively, in the said time frame.EEFT is well-poised for progress, as evidenced by its impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum, and the score is a weighted combination of all three factors.The Zacks Consensus Estimate for Euronet’s 2023 earnings is pegged at $7.35 per share, indicating a 12.9% increase from the year-ago reported figure. The consensus mark for revenues is $3.7 billion, implying 9.2% growth from the year-ago number.The Zacks Consensus Estimate for 2024 earnings is pegged at $8.28 per share, suggesting 12.7% growth from the 2023 estimate. The consensus mark for ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","EEFT":"嘉银通","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4227":"交易和支付处理服务","BK4533":"AQR资本管理(全球第二大对冲基金)","BRSP":"BrightSpire Capital, Inc.","BK4535":"淡马锡持仓","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","BK4588":"碎股","BLK":"贝莱德","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BKCC":"黑岩凯尔索资本","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4171":"工业房地产投资信托","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","BK4135":"资产管理与托管银行","BK4110":"抵押房地产投资信托","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","EGP":"EastGroup Properties Inc","BK4224":"工业房地产信托","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4106":"数据处理与外包服务"},"translate_title":"以下是你现在应该保留Euronet（EEFT）股票的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EGP":1,"EEFT":1,"BRSP":1,"BKCC":1,"BLK":0.9},"content_text":"Euronet Worldwide, Inc. EEFT is currently aided by strong segmental contribution, an enhanced payment solutions suite, acquisitions and a notable financial stand.\nZacks Rank & Price Rally\nEuronet currently carries a Zacks Rank #3 (Hold).\nThe stock has gained 23.7% in the past three months compared with the industry’s 12.4% growth. The Zacks Finance sector and S&P 500 composite gained 10.7% and 9.8%, respectively, in the said time frame.\nImage Source: Zacks Investment Research\nFavorable Style Score\nEEFT is well-poised for progress, as evidenced by its impressive VGM Score of A. Here V stands for Value, G for Growth and M for Momentum, and the score is a weighted combination of all three factors.\nRobust Growth Prospects\nThe Zacks Consensus Estimate for Euronet’s 2023 earnings is pegged at $7.35 per share, indicating a 12.9% increase from the year-ago reported figure. The consensus mark for revenues is $3.7 billion, implying 9.2% growth from the year-ago number.The Zacks Consensus Estimate for 2024 earnings is pegged at $8.28 per share, suggesting 12.7% growth from the 2023 estimate. The consensus mark for revenues is $4 billion, which indicates a rise of 7.8% from the 2023 estimate.\nImpressive Earnings Surprise History\nThe bottom line of EEFT outpaced estimates in each of the trailing four quarters, the average surprise being 4.74%.\nSolid Return on Equity\nEuronet’s efficiency in utilizing shareholders’ funds can be substantiated by its return on equity of 27.8% as of Sep 30, 2023, which remains higher than the industry’s average of 19.9%.\nBusiness Tailwinds\nThe top line of Euronet gained on the back of strong contributions from the EFT Processing, epay and Money Transfer segments. It improved 9.5% year over year in the first nine months of 2023. Management anticipates adjusted earnings per share to witness 10-15% year-over-year growth in 2024.The EFT Processing segment is aided by higher domestic and international cash withdrawal transactions, improved low-value point-of-sale transactions in Europe and increase in low-value payment processing transactions in the Asia Pacific. The unit processed total transactions of 6.1 million in the first nine months of 2023, which climbed 32% year over year.\nConsistent expansion of digital branded payments and mobile growth aids the performance of the epay segment while higher U.S.-outbound transactions, direct-to-consumer digital transactions and international-originated money transfers drive the Money Transfer segment’s performance.  \nEuronet resorts to acquisitions, which have meaningfully contributed to the growth of its business in the form of developing new products and services as well as expanding its geographical presence. The widespread adoption of contactless payments provides EEFT an opportunity to capitalize on through its innovative payment solutions.\nAn enhanced payment, transaction processing and distribution solutions suite make it a favorite choice for partnerships with financial service providers, agents, retailers, merchants, content providers and individual consumers. In this regard, EEFT’s REN platform, which delivers an array of services comprising payment processing, card issuing, loyalty services, inventory management, fraud management and many more, deserves a special mention.\nIn November 2023, Euronet entered into a multi-year collaboration with the leading private bank of Ecuador, Banco Pichincha, to offer prepaid and debit card issuing and processing services to the bank. The delivery of these services will be made possible through software as a service installation of the REN platform.\nA sound cash balance and solid cash-generating abilities bear testament to EEFT’s financial strength based on which it can undertake business investments. It generated operating cash flows of $507.4 million in the first nine months of 2023, which improved 13.1% year over year from the prior-year comparable period.\nStocks to Consider\nSome better-ranked stocks in the Finance space are BrightSpire Capital, Inc. BRSP, EastGroup Properties, Inc. EGP and BlackRock Capital Investment Corporation BKCC. While BrightSpire Capital currently sports a Zacks Rank #1 (Strong Buy), EastGroup Properties and BlackRock Capital carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.BrightSpire Capital’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 11.60%. The Zacks Consensus Estimate for BRSP’s 2023 earnings suggests an improvement of 6.1% from the year-ago reported figure. The consensus mark for BRSP’s 2023 earnings has moved 2% north in the past 30 days.\nThe bottom line of EastGroup Properties beat estimates in three of the trailing four quarters and matched the mark once, the average surprise being 1.10%. The Zacks Consensus Estimate for EGP’s 2023 earnings suggests an improvement of 10% from the year-ago reported figure. The consensus mark for revenues suggests growth of 16.7% from the year-ago reported figure. The consensus mark for EGP’s 2023 earnings has moved 0.7% north in the past 60 days.\nBlackRock Capital’s earnings outpaced estimates in each of the last four quarters, the average surprise being 12.18%. The Zacks Consensus Estimate for BKCC’s 2023 earnings suggests an improvement of 22.5% from the year-ago reported figure. The consensus mark for revenues suggests growth of 38.7% from the year-ago reported figure. The consensus mark for BKCC’s 2023 earnings has moved 2.1% north in the past 60 days.\nShares of BrightSpire Capital, EastGroup Properties and BlackRock Capital have gained 17%, 9% and 1.8%, respectively, in the past three months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nEuronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report\nEastGroup Properties, Inc. (EGP) : Free Stock Analysis Report\nBlackRock Capital Investment Corporation (BKCC) : Free Stock Analysis Report\nBrightSpire Capital, Inc. (BRSP) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2393481273"}