Evertec downgraded at Susquehanna on margin pressure [Seeking Alpha]
Evertec, Inc. (EVTC)
Last evertec, inc. earnings: 2/25 04:05 pm
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US:NASDAQ Investor Relations:
ir.evertecinc.com
Company Research
Source: Seeking Alpha
"Appropriately, the company has been expanding its TAM (Total Addressable Market) beyond its heritage relationship with its former parent Banco Popular and is traveling outside the borders of its native Puerto Rico. But SFG believes this transition is likely to pressure margins, potentially moving below levels contemplated by consensus," analysts led by James Friedman said in a research note. "EVTC is likely to face negative leverage over the next few years, with its lowest margin region - Latam - growing fastest," the note added. "Brazil in particular is an especially competitive Fintech market, where their beachhead Sinqia faces speed bumps and incumbent margins are materially lower than corporate EVTC margins," said the note. Evertec shares were trading lower Thursday noon at $31.51. Susquehanna's rating contradicts the average sell-side analyst and Quant rating of Hold. Recommended For You More Trending News Recommended For You More Trending News About EVTC Stoc
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EVTC
News
- EVERTEC Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Evertec Inc (EVTC) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Margin Pressures [Yahoo! Finance]Yahoo! Finance
- Evertec (EVTC) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Evertec (EVTC) Q3 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- EVERTEC Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
EVTC
Earnings
- 11/6/24 - Beat
EVTC
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/6/24 - Form 8-K
- EVTC's page on the SEC website