Euronet Worldwide, Inc. (EEFT) is trading at $91.16 with trailing and forward P/E of 12.57 and 8.18 respectively. Despite Q2 results slightly missing consensus, the company reiterated full-year EPS growth guidance of 12-16%. EEFT acquired CoreCard for $248M in a stock-for-stock deal, expanding its software mix and global reach. Positives from the quarter include record revenue and margin expansion. Near-term catalysts include an Investor Day this fall, potentially driving a multiple re-rating. P14 Capital maintains a 7% position, targeting 8-10%, viewing EEFT as a compelling compounder. The bullish thesis remains intact despite recent stock price depreciation.
Read more at Yahoo Finance: Euronet Worldwide, Inc. (EEFT): A Bull Case Theory
