Euronet Worldwide, Inc. is a big company that does many things in the world of money. They have machines that let people take out money from their bank accounts, and they help people send money to each other all over the world. The company has been growing a lot in the past year and people think it will keep growing in the next few years. This makes investors happy because they can make money if the company keeps growing. Euronet is also doing good things, like helping people in Malaysia and Greece get better at handling money. The only downside is that it's not easy to tell if this company will keep growing as fast as it has been, but overall, it looks like a good investment. Read from source...
1. The writer states, "Shares of Euronet Worldwide, Inc. EEFT have gained 23.6% in the past year compared with the industry's 21.6% growth." This is in direct contradiction to the writer's claim that the stock "went nowhere" in the past year.
2. The writer references a "market cap of $4.8 billion," without providing a source for this figure. Additionally, the writer claims that Euronet's stock "returned 23.6% in the past year," but provides no source for this information.
3. The writer references a "12.3% improvement" in earnings estimates, but provides no source for this information.
4. The writer references "growth through acquisitions and partnerships," but provides no specific examples of these acquisitions or partnerships.
5. The writer references a "solid financial foundation," but provides no specific financial data to support this claim.
6. The writer references "average earnings surprise being 9.04%" without providing a source for this information.
7. The writer references "robust growth prospects," but provides no specific growth estimates or financial data to support this claim.
8. The writer references a "Zacks Rank #3 (Hold)," but provides no source for this information.
9. The writer references a "return on equity in the trailing 12 months of 31.7%," without providing a source for this information.
10. The writer references a "VGM Score of B," without providing a source for this information.
11. The writer references a "consistent pursuit of growth initiatives," but provides no specific examples of these initiatives.
12. The writer references a "strong financial position," but provides no specific financial data to support this claim.
13. The writer references a "surge in the digital economy," but provides no specific examples or data to support this claim.
14. The writer references a "significant opportunities to capitalize on," but provides no specific examples or data to support this claim.
15. The writer references a "uninterrupted pursuit of growth initiatives," but provides no specific examples or data to support this claim.
16. The writer references a "solid financial foundation," but provides no specific financial data to support this claim.
17. The writer references a "VGM Score of B," without providing a source for this information.
18. The writer references a "consistent pursuit of growth initiatives," but provides no specific examples or data to support this claim.
19. The writer references a "significant opportunities to capitalize on," but provides no
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### AIiel Larsson:
"Euronet Worldwide, Inc. (EEFT), a global provider of electronic payment and transaction processing solutions, has shown significant growth in recent years. The company's stock has gained 23.6% in the past year compared to the industry's growth of 21.6%. With a market capitalization of $4.8 billion, the average volume of shares traded in the last three months was 0.4 million.
Euronet's growth is driven by expansions in its EFT Processing and Money Transfer segments, robust ATM network enhancements, strategic acquisitions and partnerships, all underpinned by a solid financial foundation.
The company, currently carrying a Zacks Rank #3 (Hold), has a decent record of beating estimates in three of the trailing four quarters and matching the mark once, the average earnings surprise being 9.04%.
Euronet's growth prospects look promising, with the Zacks Consensus Estimate for EEFT's 2024 earnings implying a 15.8% increase from the 2023 figure. The consensus mark for revenues indicates a 6.2% growth from the year-ago figure.
Euronet continues to see robust growth in its revenues, primarily driven by its EFT Processing and Money Transfer segments. In the first half of 2024, revenues rose 6.8% year over year.
The growth in the EFT Processing segment is supported by an increase in the average number of active ATMs, a recovery in cross-border transaction volumes and ongoing expansion into new markets. The Money Transfer segment is bolstered by an increase in U.S.-outbound transactions, direct-to-consumer digital transactions and international-originated money transfers.
Euronet consistently works to broaden its independent ATM network across various countries, aiming to process a greater number of transactions. In May 2024, it acquired Malaysian Electronic Payment System ("MEPS") ATM terminals, aiming to strengthen its presence in the Malaysian market and reinforce its position as a leading player in the country's non-bank ATM sector.
Euronet's strategy includes growth through acquisitions and partnerships, which help develop new products and services, increase revenues and strengthen its geographic footprint. In June 2024, the company inked a multi-year agreement with Onnipro, a top payment processing solutions provider in Brazil. Under this deal, Onnipro will leverage Euronet's Ren payments platform to strengthen its card-issuing capabilities. In April 2024, EEFT and SOFTONE Group, a major