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Western Union Earnings: Flat Revenue Ahead?
29 Jul
Summary
- Company expected to report flat year-on-year revenue.
- Analysts have largely maintained their estimates recently.
- Western Union stock has risen 8.4% in the past month.
Money transfer firm Western Union is scheduled to announce its earnings this Thursday afternoon. The company's revenue is projected to be flat year-on-year, a stabilization from a reported 4.7% decrease in the same quarter last year. This comes after a previous quarter where Western Union reported $969.5 million in revenue, showing no year-on-year change, but missed analyst estimates for both EBITDA and EPS.
Recent analyst sentiment indicates stability, with estimates generally unchanged in the last 30 days. This follows a pattern where Western Union has missed revenue expectations multiple times over the past two years. In the broader financial services sector, peers like PayPal and WEX have reported positive revenue growth, with WEX's stock notably increasing by 10.1% after its results.
Investor confidence in the financial services segment has been positive, with an average share price increase of 8.9% in the last month. Western Union has mirrored this trend with an 8.4% rise during the same period. The stock is currently trading at $8.27, with an average analyst price target of $8.43, suggesting a narrow margin for growth heading into the earnings announcement.
