Why Euronet Worldwide, Inc. (EEFT) is a Strong Pick for Your Portfolio
Are you looking for a promising investment opportunity in the finance sector? Look no further than Euronet Worldwide, Inc. (EEFT). This leading payments and transactions processing solution provider has been performing exceptionally well year-to-date and shows great potential for sustained momentum in the coming days. If you haven’t already taken advantage of the share price appreciation, now might be the perfect time to consider adding EEFT to your portfolio.
What makes EEFT such an attractive pick right now? Let’s take a closer look:
1. Outperformer: EEFT has outperformed its industry and the broader finance sector with a return of 11.5% year-to-date, compared to a 2.8% decline in the industry and a 4.3% growth in the sector. This impressive price trend indicates the company’s strong performance.
2. Solid Rank & VGM Score: With a Zacks Rank #2 (Buy) and a VGM Score of B, EEFT presents an attractive investment opportunity. Stocks with a VGM Score of A or B, combined with a Zacks Rank of 1 or 2, have historically offered the best investment opportunities.
3. Northward Estimate Revisions: Analysts have shown confidence in EEFT, with three estimates for the 2024 bottom line moving upward in the past 60 days. The Zacks Consensus Estimate for 2024 earnings has also increased by 2% during this time.
4. Strong Growth Prospects: The Zacks Consensus Estimate for EEFT’s 2024 bottom line indicates a 15.8% year-over-year increase, with further growth expected in 2025. The company has consistently beaten earnings estimates in the past four quarters, with an average surprise of 9.3%.
5. Growth Factors: EEFT’s growth prospects are supported by solid growth in cross-border transactions, demand for digital products, expansion into new markets, and strategic acquisitions. The company’s Money Transfer business, global ATM operations, and digital media and mobile sales are all expected to drive long-term growth.
In addition to EEFT, investors may also consider other top-ranked players in the finance sector, such as Axos Financial, Inc. (AX), WisdomTree, Inc. (WT), and ChoiceOne Financial Services, Inc. (COFS), each carrying a Zacks Rank #2.
Overall, EEFT presents a compelling investment opportunity with strong growth prospects and a track record of outperformance. Consider adding this stock to your portfolio for potential long-term gains.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.