Evercore ISI analyst David Togut is removing Euronet from the firm’s “Tactical Outperform” list given that the firm’s call was predicated on the company exceeding the Q2 consensus EPS estimate by 5% and raising the top end of its calendar year 2024 guidance by 3%. For Q2, Euronet reported adjusted EPS of $2.25, which fell below the firm’s and consensus estimates of $2.39 and $2.30, respectively, and management reiterated their 2024 adjusted EPS growth guidance of 10%-15%, notes the analyst, who has an Outperform rating and $135 price target on Euronet shares.
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