NASDAQ$EEFT
Euronet Worldwide Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Euronet experienced a decline in revenue and profitability due to the impact of the COVID-19 pandemic, but cost-saving measures and stronger-than-anticipated performance in the epay and Money Transfer segments helped mitigate the negative effects.
Euronet Worldwide reported a decrease in revenues to $527.8 million, an operating loss of $101.3 million, and a net loss attributable to Euronet of $115.8 million, or $2.18 diluted loss per share. Adjusted earnings per share was $0.04. The company's financial strength, with over $1.2 billion in cash, enabled it to retain employees and pursue emerging opportunities. Stronger revenue in the epay and Money Transfer segments, along with cost savings, contributed to results exceeding expectations.
- Revenues decreased by 24% to $527.8 million due to the COVID-19 pandemic.
- The company reported an operating loss of $101.3 million, compared to an operating income of $117.9 million in the same period last year.
- epay and Money Transfer segments performed better than anticipated, while the EFT segment was negatively impacted by border closures.
- The company anticipates third quarter adjusted EBITDA to be in the range of $50 million to $70 million.
Headline financials
Revenue & EPS history
Euronet · Revenue · Quarterly
$528M
Revenue by segment
Euronet · $529M total across 3 segments · Q2 2020
- Money Transfer$263M-5.1%49.7%
- epay$188M+1.8%35.5%
- EFT Processing$78.5M-66.1%14.8%
Forward guidance
Euronet anticipates its third quarter adjusted EBITDA will be in the range of approximately $50 million to $70 million and the company will produce approximately $10 million to $30 million in cash from operations.
Tailwinds
- Improving trends in epay and Money Transfer.
- Continued cost reductions.
- Careful expense management actions.
- Adjusted EBITDA in the range of approximately $50 million to $70 million.
- Cash from operations of approximately $10 million to $30 million.
Headwinds
- Expected continued softness in the EFT Segment.
- Increases in COVID-19 cases in certain countries.
- Cautiously optimistic outlook.
- Economic impacts of the COVID-19 pandemic.
- Uncertainty in the international payments business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+1.0%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+1.1%
Avg return
30 days after
59%
40 / 68 earnings
Positive
+16.2%
Q4 2014
Best reaction
-20.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.9% | -4.3% | -4.3% | |
| Q4 2025 | -3.3% | +0.5% | +1.3% | |
| Q3 2025 | -5.8% | -10.4% | -17.3% | |
| Q1 2025 | +3.4% | +4.3% | +11.5% | |
| Q4 2024 | -1.5% | +9.2% | +6.7% | |
| Q3 2024 | +5.4% | +4.7% | +8.7% | |
| Q2 2024 | -5.3% | -5.9% | -4.2% | |
| Q1 2024 | -0.3% | +5.3% | +8.8% | |
| Q4 2023 | +1.3% | +1.6% | +9.7% | |
| Q3 2023 | +9.5% | +6.4% | +10.7% | |
| Q2 2023 | -20.3% | -24.7% | -27.7% | |
| Q1 2023 | -2.1% | +0.0% | +2.3% | |
| Q4 2022 | -3.4% | -0.3% | -7.2% | |
| Q3 2022 | +5.8% | +6.9% | +15.6% | |
| Q2 2022 | -2.1% | -3.4% | -7.5% | |
| Q1 2022 | -5.6% | -10.8% | -12.8% | |
| Q4 2021 | +5.4% | -0.2% | -18.2% | |
| Q3 2021 | -8.4% | -9.1% | -18.6% | |
| Q2 2021 | +2.1% | +6.7% | -0.1% | |
| Q1 2021 | -1.9% | -2.4% | +0.1% | |
| Q4 2020 | +2.4% | +8.1% | +17.3% | |
| Q3 2020 | -3.6% | -3.0% | +49.4% | |
| Q2 2020 | +2.3% | -2.1% | +5.9% | |
| Q1 2020 | +9.2% | +3.8% | +9.3% | |
| Q4 2019 | -6.4% | -8.0% | -45.8% | |
| Q3 2019 | -5.1% | -3.3% | +5.2% | |
| Q2 2019 | -4.1% | -4.0% | -7.8% | |
| Q1 2019 | +1.8% | +2.3% | +5.9% | |
| Q4 2018 | +8.3% | +10.2% | +16.0% | |
| Q3 2018 | +0.3% | -2.2% | -1.7% | |
| Q2 2018 | +11.9% | +10.8% | +14.3% | |
| Q1 2018 | +5.5% | +3.7% | +8.6% | |
| Q4 2017 | -3.4% | -8.0% | +2.1% | |
| Q3 2017 | +3.3% | +0.2% | -8.1% | |
| Q2 2017 | +2.8% | +4.1% | +2.8% | |
| Q1 2017 | -1.4% | -0.8% | -0.3% | |
| Q4 2016 | +6.2% | +10.8% | +14.0% | |
| Q3 2016 | -1.0% | -2.0% | -7.1% | |
| Q2 2016 | +6.0% | +5.3% | +6.8% | |
| Q1 2016 | +3.7% | — | — | |
| Q4 2015 | -8.7% | — | — | |
| Q3 2015 | +7.0% | — | — | |
| Q2 2015 | +4.7% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q4 2014 | +16.2% | — | — | |
| Q3 2014 | +8.9% | — | — | |
| Q2 2014 | +8.6% | — | — | |
| Q1 2014 | +5.8% | — | — | |
| Q4 2013 | -10.5% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | +9.6% | — | — | |
| Q1 2013 | +5.8% | — | — | |
| Q4 2012 | -2.4% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | +5.2% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2010 | +1.1% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q4 2008 | +2.0% | — | — | |
| Q4 2010 | +2.0% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q2 2009 | +1.6% | — | — | |
| Q4 2009 | +1.6% | — | — |
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