Why Net1 UEPS Technologies (UEPS) Stock Is Soaring in After-Hours Trading Today

NEW YORK (TheStreet) -- Shares of Net1 UEPS Technologies  (UEPS)  surged 13.25% to $13.25 in after-hours trading Thursday after the company reported fourth-quarter earnings that crushed analysts' expectations.

The company reported a year-over-year increase in earnings per share to 59 cents from 18 cents. Revenue rose to $182.75 million from $117.88 million.

Analysts expected Net1 to report EPS of 33 cents on revenue of $142.31 million.

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Separately, TheStreet Ratings team rates NET 1 UEPS TECHNOLOGIES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate NET 1 UEPS TECHNOLOGIES INC (UEPS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

You can view the full analysis from the report here: UEPS Ratings Report

UEPS Chart UEPS data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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