BRODSKY & SMITH INVESTOR ALERT: Updates on Investigations Involving Akero Therapeutics, Inc. (Nasdaq - AKRO), CoreCard Corporation (NYSE - CCRD), PB Bankshares, Inc. (Nasdaq - PBBK), and Air Lease Corporation (NYSE – AL)
Investigations Announced: Brodsky & Smith is reminding investors of ongoing investigations into several companies regarding potential breaches of fiduciary duties by their boards during acquisition processes.
Akero Therapeutics Acquisition: Akero Therapeutics is set to be acquired by Novo Nordisk for $54.00 per share, with additional contingent payments tied to regulatory approval of a treatment, raising concerns about the fairness of the deal for shareholders.
CoreCard Corporation Merger: CoreCard Corporation will merge with Euronet in a stock-for-stock deal valued at approximately $248 million, prompting investigations into whether the board acted in the best interest of shareholders.
Air Lease and PB Bankshares Transactions: Air Lease will be acquired for $65.00 per share, while PB Bankshares will merge with Norwood Financial, with both transactions under scrutiny for potential fiduciary duty breaches by their respective boards.
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- Share Increase: On February 17, 2026, Grizzlyrock Capital disclosed the purchase of 106,215 shares of Euronet Worldwide, valued at approximately $8.28 million, reflecting confidence in the company's future growth potential.
- Asset Allocation Shift: This acquisition raised Grizzlyrock's position in Euronet from $1.776 million to $9.61 million, indicating a strategic commitment to global payment infrastructure.
- Market Performance Analysis: Despite Euronet's stock price declining by 22% over the past year, the company reported $4.24 billion in revenue and $9.61 in adjusted earnings per share for 2025, demonstrating robust fundamentals.
- Future Growth Expectations: Management anticipates a 10% to 15% growth in adjusted EPS for 2026, alongside a more than 30% increase in digital transfer business, providing a positive outlook for investors.
- Price Target Adjustment: Northland has lowered Euronet's price target from $100 to $90, reflecting a cautious outlook on the company's future performance while maintaining an Outperform rating, indicating confidence in its long-term growth potential.
- Earnings Impact: This adjustment follows Euronet's “softer” Q4 report, and the revised target price may affect investor confidence in the stock, potentially impacting its market performance.
- Competitive Landscape: Euronet's ongoing efforts in the payment solutions sector, particularly its partnership with DXC Technology to enhance payment capabilities, face short-term performance pressures, yet the long-term strategy remains attractive.
- Market Reaction: The market's response to Euronet may be influenced by the price target downgrade, prompting investors to monitor the company's future performance and market dynamics to assess the stock's investment value.
- Challenging Operating Environment: CEO Michael Brown highlighted that immigration policy uncertainty and economic stress have impacted growth across all three segments, particularly in money transfer and epay, demonstrating the company's resilience in a tough environment.
- Financial Performance: The fourth quarter saw adjusted EPS of $2.39, achieving double-digit year-over-year growth despite pressures, with full-year revenue reaching $4.2 billion, showcasing the company's profitability under adverse conditions.
- Strategic Acquisitions and Investments: The company acquired Kyodai and Credia Bank's Merchant Acquiring Business, while continuing to invest in digital strategy, expected to yield a $40 million annual run rate benefit for the Money Transfer business, indicating proactive positioning in digital transformation.
- Future Outlook: Management expressed confidence in delivering adjusted EPS growth of 10% to 15% in 2026, despite macroeconomic and immigration policy challenges, emphasizing a continued focus on operational execution and capital allocation to drive shareholder value.
- Earnings Performance: Euronet reported a Q4 non-GAAP EPS of $2.39, missing estimates by $0.07, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company's Q4 revenue reached $1.11 billion, reflecting a 5.7% year-over-year increase, aligning with market expectations and demonstrating stable growth in its core business.
- Cash Flow Position: As of December 31, 2025, Euronet's total cash and cash equivalents amounted to $1.0403 billion, with ATM cash at $650.3 million, totaling $1.6906 billion, showcasing strong liquidity that supports future investments.
- Credit Availability: Euronet had approximately $1.7805 billion available under its revolving credit facilities, enhancing the company's financial flexibility to navigate market fluctuations and pursue potential expansion opportunities.
- Earnings Release Date: Euronet (EEFT) is set to announce its Q4 earnings on February 12 before market open, with a consensus EPS estimate of $2.46, reflecting an 18.3% year-over-year increase, indicating ongoing improvement in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $1.11 billion, representing a 6.0% year-over-year growth, which will bolster the company's market position in the fintech sector.
- Historical Performance Review: Over the past two years, Euronet has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating stability in financial performance and market confidence.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and four downward adjustments, while revenue estimates experienced two upward and two downward revisions, reflecting market divergence and uncertainty regarding Euronet's future performance.
- Earnings Release Schedule: Euronet is set to announce its Q4 and full-year 2025 earnings before the market opens on February 12, 2026, reflecting the company's commitment to transparency and investor communication.
- Conference Call Details: A conference call will take place at 9:00 a.m. Eastern Time on the same day to discuss the earnings results, with participants required to register in advance to receive dial-in information, ensuring smooth information dissemination.
- Webcast Replay Availability: A replay of the conference will be available approximately one hour after the event and will remain accessible for one year, allowing investors who cannot attend live to access critical information, thereby enhancing information accessibility.
- Global Business Overview: Euronet operates in over 200 countries and territories, providing payment processing and cross-border transaction services, with 57,534 ATMs and approximately 638,000 money transfer locations, showcasing its leadership position in the global payments network.






