==Western Union (WU) reported earnings on Wed 24 Apr 24 (a/h)

 

Western Union beats by $0.04, beats on revs; raisess FY24 EPS mostly above consensus, revs in-line

• Reports Q1 (Mar) earnings of $0.45 per share, excluding non-recurring items, $0.04 better than the FactSet Consensus of $0.41; revenues rose 1.2% year/year to $1.05 bln vs the $1.01 bln FactSet Consensus.
• Co issues in-line guidance for FY24, sees EPS of $1.70-1.80, excluding non-recurring items, vs. $1.70 FactSet Consensus and prior guidance of $1.65-1.75; sees FY24 revs of $4.125-4.200 bln vs. $4.13 bln FactSet Consensus and prior guidance of $4.075-4.175 bln.

Earnings this week : Apr 22 - 26, 24 (wk 17)

Monday (April 22)

• Morning: ACI AZZ BOH TFC VZ ZION
• Afternoon: AGNC ARE AMP BRO CADE CDNS CALX CATY CLF CR ELS GL HSTM HXL IBTX MEDP NUE PKG PNFP RBB RLI SAP SSD

Tuesday (April 23)

• Morning: AUB BANC CBU DHR EWBC FBP FCF FI FCX GATX GE GM HAL HRI IVZ JBLU KMB LKQ LMT MSCI NEE NEP NVS ONB OPCH PNR PEP PM PII BPOP PHM DGX RTX R SASR SHW SPOT UPS WRB WBS XRX
• Afternoon: APAM AGR BKR NTB CB CSGP EGP ENVA ENPH EQT EQR HA HIW IEX KREF MANH MTDR MAT PEB RRC RNST ROIC STX STLD LRN TSLA TXN TRMK VLTO VBTX VICR V WFRD WSBC ZWS

Wednesday (April 24)

• Morning: APH T AVY BIIB BXMT BA BOKF BSX BG CME CSTM ETR EVR FTV GD GPI HAS HCSG HELE HLT HUM IPG LII LAD MAS COOP NAVI EDU NSC ODFL OTIS OC PPBI PRG SLAB SFNC SF SYF TEL TDY TMO TNL UCBI UMC VRT VIRT WNC WAB WSO
• Afternoon:  AGI ALGN AM  AMED  AR ASGN BMRN CACI CASH CCS CHDN CHE CHX CLB CLS CMG CNMD CVBF CYH EHC ETD F FAF FIBK GGG GSHD HP IBM ICLR IRT KALU KNX LRCX LSTR MC MEOH META MOH MTH MXL NBHC NBR NOW OII ORLY PB PEGA PFSI PI PLXS QS RJF ROL SEIC SLM SNBR STC TER TX TYL UHS URI VKTX WH WHR WM WU

Thursday (April 25) 

• Morning:  AAL ABG ADT AIT ALLE AMBP AOS ARCH AZN BC BFH BMY CARR CAT CBZ CFR CHKP CMCSA CMS CNX CWT DOV DOW DTE EME FCN FTI GWW HES HESM HOG HON HOUS HTZ HZO IART IIIN IMAX IP ITGR KDP KEX LADR LAZ LECO LH LKFN LUV MBLY MO MRK NDAQ NEM NOC OSIS OSK PCG PHIN POOL RCL RES RS SAGE SAH SBSI SHYF SNY SPGI STM STRA TPH TRU TSCO TW TXT UNP VC VLO VLY WEX WNS WST WTW XEL XPRO
• Afternoon:  AB ABCB ACCD AEM AJG ALSN APPF ASB ATR AVB BYD CDP CINF COF COLB COLM CSL CUBE CUBI CUZ CWST DAR DOC DXCM EIG EMN EW EXPO FCBS FE FFBC FHI FICO FTAI GILD GLPI GOOG HIG HUBG INTC JNPR KLAC KNSL LHX MGRC MHK MSFT MTX NOV NRDS NWE OLN PECO PFG PTCT RHI RMD ROKU SAM SJW SKX SKYW SNAP SPSC SSB SSNC TDOC TEAM TEX TMUS TS VRSN WDC WSFS WY

Friday (April 26)

• Morning: ABBV ALV AN AON AVTR B BALL CHTR CL CNC CVX EAF FHB GNTX HCA LYB NWL OIS PIPR POR PSX ROP SAIA SLCA STEL SXT TNET TROW WT XOM

 

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.

Western Union (WU) reported earnings on Tue 11 Feb 20 (a/h)

** charts after earnings **

 

Western Union misses by $0.05, misses on revs; guides FY20 EPS above consensus, revs a bit light; reaffirms its three-year financial targets; raises quarterly cash dividend by 12.5%

Reports Q4 (Dec) earnings of $0.38 per share, excluding non-recurring items, $0.05 worse than the S&P Capital IQ Consensus of $0.43; revenues fell 6.7% year/year to $1.31 bln vs the $1.33 bln S&P Capital IQ Consensus.

Co issues upside guidance for FY20, sees EPS of $1.95-2.05, excluding non-recurring items, vs. $1.95 S&P Capital IQ Consensus. Co expects GAAP revenue to be flat to low single-digit decline vs consensus of roughly flat. The decline is primarily due to the divestiture of its domestic bill payments business. Adjusted operating margin is expected at approximately 21%.

Co reaffirms its three-year financial targets including operating margin of approximately 23% in 2022 and a low double-digit EPS CAGR for the three years ending 2022. 

Co also raises quarterly cash dividend to $0.225/share from $0.20/share.

Earnings this week : Feb 10 - 14, 20 (wk 7)

Monday (Feb 10)

• Morning: AGN AVYA BIP CNA DO EPC GBDC IVC L MCY QSR
• Afternoon: AMKR BLKB BHF BRX ELY CHGG CMP DVA EEFT RE FRT FLDM IIIV IIVI JCOM KMPR LMNX MELI MESA MIME MOH OMF PSEC RPD RNG STE VRNS VOYA WTS XPO

Tuesday (Feb 11)

• Morning: AN CRL CEIX CRTO DBD D EXC GT HAS HLT INGR JLL LCII LPX MMYT MLM MAS MLCO NNN OMC ONDK SEE ST FLOW TGNA UAA USFD VIRT

Mon pm & Tue am https://finviz.com/screener.ashx?v=211&t=AMKR,BLKB,BHF,BRX,ELY,CHGG,CMP,DVA,EEFT,RE,FRT,FLDM,IIIV,IIVI,JCOM,KMPR,LMNX,MELI,MESA,MIME,MOH,OMF,PSEC,RPD,RNG,STE,VRNS,VOYA,WTS,XPO,AN,CRL,CEIX,CRTO,DBD,D,EXC,GT,HAS,HLT,INGR,JLL,LCII,LPX,MMYT,MLM,MAS,MLCO,NNN,OMC,ONDK,SEE,ST,FLOW,TGNA,UAA,USFD,VIRT&ta=0&o=-volume

• Afternoon: ACCO AKAM ACGL AIZ BXMT CNO CPSI DCP DENN DIOD DEI EXAS PEAK NSP KRNT LSCC LYFT NCR PVG PRI REXR TGH UDR VREX VNOM WU

Wednesday (Feb 12)

• Morning: AB ARCC GOLD BG CVE ECOM CIM CME CIGI CVS CYBR GPN NSIT IPG IQV LAD TAP MCO NBL RDWR SHOP TEVA TW TRVG

Tue pm & Wed am https://finviz.com/screener.ashx?v=211&t=ACCO,AKAM,ACGL,AIZ,BXMT,CNO,CPSI,DCP,DENN,DIOD,DEI,EXAS,PEAK,NSP,KRNT,LSCC,LYFT,NCR,PVG,PRI,REXR,TGH,UDR,VREX,VNOM,WU,AB,ARCC,GOLD,BG,CVE,ECOM,CIM,CME,CIGI,CVS,CYBR,GPN,NSIT,IPG,IQV,LAD,TAP,MCO,NBL,RDWR,SHOP,TEVA,TW,TRVG&ta=0&o=-volume

• Afternoon: AKR ATUS AEL ANDE NLY AM AR AMAT ARES ASGN AVLR NTB BRKR CDNS CTL CF CHNG CHEF CSCO COHU CPA CXW EFX EQIX EQC FR FOSL FCPT FTSI HR HUBS IFF KGC LPI MFC MRO MGM NTAP NWE NUS PGRE PEGA PRSP PS QLYS QDEL QUOT RDFN REG SSNC STAG SLF SPWR TCO TTGT TRMB TRIP TCX TYL WCN WELL

Thursday (Feb 13)

• Morning: AER AGIO BABA ALKS ALE AIMC AIG BPMC BWA BAM GTLS CBB DAN DLPH DUK EEX DAVA FIS FAF FTS GNRC HE HIMX HII HUN INCY IPGP IRM IRWD KELYA KHC LH LECO MTRN NGD NMRK NICE NVMI PATK PBF PBFX PEP POOL PDS R SSTK SITC SON TRP TPX THS TUFN WM WSO WST WEX WH YETI ZBRA ZTS

Wed pm & Thur am:  https://finviz.com/screener.ashx?v=211&t=AKR,ATUS,AEL,ANDE,NLY,AM,AR,AMAT,ARES,ASGN,AVLR,NTB,BRKR,CDNS,CTL,CF,CHNG,CHEF,CSCO,COHU,CPA,CXW,EFX,EQIX,EQC,FR,FOSL,FCPT,FTSI,HR,HUBS,IFF,KGC,LPI,MFC,MRO,MGM,NTAP,NWE,NUS,PGRE,PEGA,PRSP,PS,QLYS,QDEL,QUOT,RDFN,REG,SSNC,STAG,SLF,SPWR,TCO,TTGT,TRMB,TRIP,TCX,TYL,WCN,WELL,AER,AGIO,BABA,ALKS,ALE,AIMC,AIG,BPMC,BWA,BAM,GTLS,CBB,DAN,DLPH,DUK,EEX,DAVA,FIS,FAF,FTS,GNRC,HE,HIMX,HII,HUN,INCY,IPGP,IRM,IRWD,KELYA,KHC,LH,LECO,MTRN,NMRK,NICE,NVMI,PATK,PBF,PBFX,PEP,POOL,PDS,R,SSTK,SITC,SON,TRP,TPX,THS,TUFN,WM,WSO,WST,WEX,WH,YETI,ZBRA,ZTS&ta=0&o=-volume

• Afternoon: AEM AYX AMN ARI ANET BIO BKI BL BFAM CARG CC CGNX CXP CRY DDOG DXCM DLR EXPE FNF GDDY HTA LPSN MAT MERC MHK MRC NVDA PDFS RSG ROKU SWAV SPSC SPXC SVMK TLND TEX TNET TRUP RARE VECO WRE AUY YELP

Friday (Feb 14) 

• Morning: AXL ABR AZN CGC ENB ESNT MGP NWL POR PPL SXT TRTN YNDX
• Afternoon: AL

Notable earnings reports:
Restaurant Brands (NYSE:QSR) on February 10; Lyft (NASDAQ:LYFT), Hasbro (NASDAQ:HAS), Hilton (NYSE:HLT), Under Armour (UAA), and Western Union (NYSE:WU) on February 11; Cisco (NASDAQ:CSCO), CVS Health (NYSE:CVS), Shopify (NYSE:SHOP), Teva Pharmaceuticals (NYSE:TEVA) and TripAdvisor (NASDAQ:TRIP) on February 12; Alibaba, Nvidia, PepsiCo, Roku (NASDAQ:ROKU), AIG (NYSE:AIG) and Yelp (NYSE:YELP) on February 13; AstraZeneca (NYSE:AZN) on February 14.