This week's biggest % winners & losers: Oct 25 - 29, 2021 (wk 43)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: CARA (16.49 +29.84%), SLP (50.44 +28.11%), GRTS (10.93 +22.4%), MEDP (226.16 +20.92%), ARRY (21.21 +18.36%)
• Industrials: BE (31.17 +54.36%), ENPH (230.96 +30.71%), X (26.39  +15.34%)
• Consumer Discretionary: NEW (0.58 +28.37%), TSLA (1101.87 +21.13%), OSTK (96.49 +19.21%), MMYT (31.55 +17.77%)
• Information Technology: ATEN (18.72 +38.15%), CREE (120.87 +35.14%), PI (69.55 +26.43%), SLAB (189.55 +25.11%), MXL (62.8 +18.78%), TER (137.45 +18.37%)
• Financials: CADE (29.12 +35.57%), LC (46.43 +35.09%), LOB (88.08 +20.86%)

This week's top % losers

• Healthcare: DBVT (3.09 -44.02%), CDNA (50.91 -29.38%), ALNY (159.61 -19.64%)
• Materials: CENX (13.33 -14.75%)
• Industrials: UPWK (47.09 -19.78%), PRLB (59.43 -16.83%), TISI (2.41 -16.2%), AZUL (13.35 -15.05%)
• Consumer Discretionary: AAN (23.44 -22.64%), THRM (73.24 -16.21%), FTDR (37.08 -15.17%), TAL (4.1 -14.94%), MHK (177.21 -7.76%)
• Information Technology: CVLT (61.61 -19.22%), TWLO (293.07 -18.18%)
• Financials: JRVR (31.95 -18.22%), HOOD (34.97  -11.67%),  MGI (6.17  -9.41%)
• Energy: BTU (11.93 -15.72%)
• Consumer Staples: TPB (38.14 -19.71%)

Moneygram (MGI) reported earnings on Fri 29 Oct 21 (b/o)

• Note: MoneyGram to be acquired for $1 billion in cash ($11 a share) by Madison Dearborn Partners, a private equity firm. (Feb 2022)

** charts after earnings **

 

 

 

MoneyGram beats by $0.05; misses on revs; sees Q4 revs below consensus

• Reports Q3 EPS of $0.13 vs $0.08 Capital IQ consensus; revs of $319.6 mln vs $329.8 mln consensus
• Co sees Q4 revs of $325 mln vs $335.5 mln consensus

MoneyGram (MGI) : takeover talks with Western Union (WU)

According to a Bloomberg report, Western Union has already made a takeover offer for MoneyGram, but no decision has been made and Western Union could choose to proceed without a deal.

 

 

MGI is the second largest money transfer player with ~350K agents around the world, and a fast growing self-service (kiosk) and online presence which are 15% of money transfer revenues.

However the company has struggled recently, with 1Q revenues of $290.9M declining 8% y/y, and April transactions down 19% y/y. This was despite the fact that April saw significant growth in digital transaction with a 75% increase.

MGI — is it a buy?

• Jan 16: Is MGI a buy?

• June 3, six months later:  NO

Moneygram (MGI) reported earnings on Fri 2 Aug 19 (b/o)

** charts before earnings **

 

** charts after earnings **

Moneygram beats by $0.05, misses on revs; cuts constant currency revenue outlook

Reports Q2 (Jun) earnings of $0.12 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $0.07; revenues fell 13.6% year/year to $323.8 mln vs the $344.28 mln S&P Capital IQ Consensus.

"Financial results in the second quarter were impacted by slower than anticipated recovery of the US-outbound market along with the continuing market challenges in the US-US business," said Alex Holmes, Chairman and CEO. "Importantly, we reported accelerated growth from our digital platforms and returned to year-over-year growth in many key corridors as we saw a sequential increase in active, returning and new customers. These trends, along with the successful execution of our cost-saving initiatives, enabled us to deliver sequential improvements to Revenue and Adjusted EBITDA."

The Company continues to anticipate a return to growth later this year, however given the revenue trends for the first half of the year, and the slower than anticipated recovery of the US market, the Company is revising its constant currency revenue outlook for the full year 2019 and now projects a decline of approximately 8% for the year (Previously saw down 2-4%). The Company is also narrowing its original range for Adjusted EBITDA and now projects a decline of approximately 12% (Previously saw down 8-12%) for the full year 2019 on a constant currency basis.