NYSE$EVTC

EVERTEC Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

EVERTEC's financial performance was affected by COVID-19, resulting in a mix of growth and decline.

EVERTEC reported a 3% increase in revenue to $121.9 million for the first quarter of 2020. However, GAAP net income attributable to common shareholders decreased to $22.2 million, or $0.30 per diluted share. Adjusted EBITDA also saw a decrease of 2% to $56.3 million, and adjusted earnings per common share decreased by 8% to $0.46. The company has suspended its annual guidance due to the uncertainty caused by the COVID-19 pandemic.

  • Revenue increased by 3% reaching $121.9 million.
  • GAAP Net Income attributable to common shareholders decreased to $22.2 million, with EPS at $0.30.
  • Adjusted EBITDA decreased by 2% to $56.3 million.
  • Adjusted earnings per common share decreased by 8% to $0.46.

Headline financials

Total Revenue

$122M

Previous: $119M+2.6%
EPS (adj)

$0.46

Previous: $0.50-8.0%
Adjusted EBITDA

$56.3M

Previous: $57.6M-2.3%
Capital Expenditures

-$3.36M

Previous: -$5.07M+33.8%
Free Cash Flow

$18.9M

Previous: $21.6M-12.6%
Net Income

$22.2M

Previous: $26.6M-16.6%
Operating Income

$32.8M

Previous: $37.4M-12.4%
Gross Profit

$344K

Previous: $259K+32.8%
Cash & Equivalents

$104M

Previous: $73.2M+41.5%
Total Assets

$979M

Previous: $969M+1.1%
Stock-Based Comp

$3.48M

Previous: $3.28M+6.2%

Revenue & EPS history

EVERTEC · Revenue · Quarterly

$122M

Q1 2020+2.6%vs Q1 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

EVERTEC · $111M total across 3 segments · Q1 2020

  • Business Solutions
    $55.9M
  • Payment Services PR & Carib
    $29.9M
  • Merchant Acquiring
    $25.1M

Forward guidance

The Company is suspending its financial outlook for 2020 given the uncertainty around the duration of the pandemic and its impact on the economy.

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 Q1 2020

Historical avgQ1 2020

-0.0%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.5%

Avg return

30 days after

45%

25 / 56 earnings

Positive

+16.1%

Q4 2024

Best reaction

-18.1%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-18.1%-15.4%-21.4%
Q4 2025+9.6%+13.9%+5.9%
Q3 2025-3.0%+3.9%+5.3%
Q1 2025+2.2%+5.5%+6.4%
Q4 2024+16.1%+15.1%+13.3%
Q3 2024+8.6%+10.6%+9.3%
Q2 2024+2.0%-3.5%-0.4%
Q1 2024-4.8%-0.7%-6.8%
Q4 2023-12.4%-10.0%-3.2%
Q3 2023-5.6%-8.9%+4.7%
Q2 2023-3.7%-4.9%-4.6%
Q1 2023+7.1%+7.8%+8.1%
Q4 2022+5.6%+6.6%-6.0%
Q3 2022-9.1%-6.7%-7.2%
Q2 2022-7.5%-9.2%-16.3%
Q1 2022+2.9%+5.5%+0.1%
Q4 2021+0.8%-5.3%-0.3%
Q3 2021-3.2%+1.5%-8.7%
Q2 2021+4.6%+6.7%+7.4%
Q1 2021-2.8%-1.1%+6.0%
Q4 2020-7.4%-5.0%-4.3%
Q3 2020-2.1%+0.0%+10.5%
Q2 2020+0.7%+1.2%+11.3%
Q1 2020+0.9%-2.8%+21.2%
Q4 2019+0.1%-7.3%-28.5%
Q3 2019-6.1%-6.1%-0.5%
Q2 2019+13.9%+10.6%+10.9%
Q1 2019-5.1%-4.8%-8.5%
Q4 2018-6.6%-5.2%-8.7%
Q3 2018+13.0%+23.6%+17.5%
Q2 2018+1.1%+0.2%+2.3%
Q1 2018+8.2%+12.1%+19.5%
Q4 2017+2.8%+0.9%+1.5%
Q3 2017-1.0%-7.3%-5.9%
Q2 2017+5.9%+1.1%+3.1%
Q1 2017+3.5%+5.8%+7.4%
Q4 2016-1.2%+0.0%-8.7%
Q3 2016-4.1%-1.0%+21.6%
Q2 2016+7.0%+6.5%+5.0%
Q1 2016-1.0%
Q4 2015-6.0%
Q3 2015-6.5%
Q2 2015+6.4%
Q1 2015+9.0%
Q4 2014-3.3%
Q3 2014-1.9%
Q2 2014-1.4%
Q1 2014-1.9%
Q4 2011+3.7%
Q1 2012+3.7%
Q4 2013-1.0%
Q3 2012-4.7%
Q3 2013-5.2%
Q2 2012-2.1%
Q2 2013-0.6%
Q1 2013-1.5%
Q4 2012

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