Analysts on Wall Street project that Western Union (WU) will announce quarterly earnings of $0.42 per share in its forthcoming report, representing a decline of 6.7% year over year. Revenues are projected to reach $1 billion, declining 4.6% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Western Union metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Consumer Services' will likely reach $97.82 million. The estimate indicates a year-over-year change of +12.3%.
Based on the collective assessment of analysts, 'Revenue- Consumer Money Transfer' should arrive at $898.87 million. The estimate indicates a change of -6.6% from the prior-year quarter.
Analysts predict that the 'Consumer Money Transfer transactions- Total' will reach 68.16 million. The estimate is in contrast to the year-ago figure of 69 million.
View all Key Company Metrics for Western Union here>>>
Shares of Western Union have demonstrated returns of -8.9% over the past month compared to the Zacks S&P 500 composite's -6.3% change. With a Zacks Rank #4 (Sell), WU is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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The Western Union Company (WU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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