NYSE$EVTC
EVERTEC Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong results driven by merchant acquiring and payment processing in Puerto Rico and Latin America, leading to raised annual guidance.
EVERTEC reported a 6% increase in revenue to $159.8 million for Q1 2023. GAAP Net Income attributable to common shareholders decreased by 23% to $30.1 million, while adjusted earnings per common share increased by 5% to $0.69. The company has raised its annual guidance for 2023.
- Revenue increased 6% to $159.8 million.
- GAAP Net Income attributable to common shareholders decreased 23% to $30.1 million and decreased 13% to $0.46 per diluted share
- Adjusted EBITDA decreased 8% to $67.1 million and Adjusted earnings per common share increased 5% to $0.69
- Share repurchases totaled $6.3 million
Headline financials
Revenue & EPS history
EVERTEC · Revenue · Quarterly
$160M
Revenue by segment
EVERTEC · $104M total across 2 segments · Q1 2023
- Business Solutions$55.7M-11.1%53.5%
- Payment Services PR & Carib$48.4M+21.0%46.5%
Forward guidance
The Company is revising its financial outlook for 2023 as follows:
Tailwinds
- Total consolidated revenue is now anticipated to be between $644 million and $652 million representing growth of approximately 4.1% to 5.4% growth, compared with $638 to $647 million previously estimated.
- Adjusted earnings per common share between $2.59 to $2.68 representing approximately 2.4% to 6% growth as compared to $2.53 in 2022, as recast,, compared with $2.53 to $2.64 previously estimated.
- We continue to expect capital expenditures to be approximately $70 million.
- We continue to expect an effective tax rate of approximately 16% to 17%.
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 2023
-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
| Quarter | Report date | Reaction (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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