Recap: Evertec Q1 Earnings - Evertec (NYSE:EVTC)

Evertec EVTC reported its Q1 earnings results on Thursday, April 28, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Evertec beat estimated earnings by 12.9%, reporting an EPS of $0.7 versus an estimate of $0.62.

Revenue was up $10.72 million from the same period last year.

Last quarter the company beat on EPS by $0.1 which was followed by a 0.7% increase in the share price the next day.

Here's a look at Evertec's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.62	0.62	0.57	0.54
EPS Actual	0.72	0.62	0.78	0.62
Revenue Estimate	146.39M	142.65M	138.35M	133.00M
Revenue Actual	155.24M	145.88M	149.15M	139.53M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Evertec management provided guidance for FY 2022, expecting earnings between $2.52 and $2.6 per share.

To track all earnings releases for Evertec visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.