Euronet Worldwide, Inc. EEFT was a big mover last session, as the company saw its shares rise almost 8% on the day. The upside was driven by the company’s announcement of upbeat third-quarter 2015 results, with earnings beating estimates. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $70.17 to $77.86 in the past one-month time frame.
The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Euronet Worldwide currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Blackhawk Network Holdings, Inc. HAWK, which sports a Zacks Rank #1 (Strong Buy).
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