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EVERTEC provides FY'18 outlook

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EVERTEC provides FY'18 outlook

EVERTEC Inc. has provided full-year 2018 outlook, expecting total consolidated revenue to be between $411 million and $425 million.

Adjusted EPS is projected to be between $1.25 and $1.41.

The S&P Capital IQ consensus normalized EPS estimate for 2018 is $1.33.

The company also reported fourth-quarter 2017 net income attributable to common shareholders of $5.8 million, or 8 cents per share, compared with $16.0 million, or 22 cents per share, in the prior-year period. Adjusted net income was $17.7 million, or 24 cents per share, versus $31.3 million, or 43 cents per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 23 cents.

For full year 2017, net income attributable to common shareholders was $55.1 million, or 76 cents per share, compared with $75.0 million, or $1.01 per share, in 2016. Adjusted net income was $107.1 million, $1.47 per share, in 2017, compared with $124.7 million, or $1.67 per share, in 2016.

The S&P Capital IQ consensus normalized EPS estimate for the year was $1.46.