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Puerto Rico's Evertec Q3 results beat driven by acquisitions, organic growth

By Reuters News


Overview

  • Puerto Rico fintech firm's Q3 revenue rose 24% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 rose 16%, beating analyst estimates

  • Company raised full-year 2026 revenue and adjusted EPS outlook


Outlook

  • Evertec raises 2026 revenue outlook to $1.088 bln-$1.096 bln

  • Company now sees 2026 adjusted EPS at $4.00-$4.08

  • Evertec expects 2026 adjusted EBITDA margin of about 39.5%


Result Drivers

  • ACQUISITIONS AND ORGANIC GROWTH - Co said revenue growth was driven by recent acquisitions, organic growth across most segments, and favorable foreign currency movements

  • PAYMENT SERVICES AND MERCHANT ACQUIRING - Higher POS transactions, growth in ATH Movil, and increased merchant sales volume contributed to segment revenue gains

  • BUSINESS SOLUTIONS CONTRACTS - Business Solutions revenue fell due to a 10% discount to Popular effective since Q4 2025


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$283 mln

$272.95 mln (5 Analysts)

Q3 Adjusted EPS

Beat

$1.07

$0.98 (6 Analysts)

Q3 Adjusted Net Income

Beat

$64.80 mln

$59.92 mln (4 Analysts)

Q3 Net Income

$29.90 mln

Q3 Adjusted EBITDA

Beat

$110.50 mln

$107.16 mln (5 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy"

  • Wall Street's median 12-month price target for Evertec Inc is $36.00, about 10% above its November 2 closing price of $32.72

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 3 - Fiserv Q3 adjusted EPS beats, revenue slightly tops estimates

  • Nov 2 - Paymentus Q3 revenue beats on higher billers and transaction volumes

  • Nov 3 - Italy's state lender CDP sees no Nexi-Worldline merger for now


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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