Moneygram International (NYS: MGI) reported earnings on Aug. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Moneygram International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP loss per share shrank.
Margins contracted across the board.
Moneygram International notched revenue of $330.1 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $332.0 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $310.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.28. The eight earnings estimates compiled by S&P Capital IQ forecast $0.23 per share. GAAP EPS were -$0.35 for Q2 against -$10.97 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.5%, 1,180 basis points worse than the prior-year quarter. Operating margin was 0.6%, 1,050 basis points worse than the prior-year quarter. Net margin was -7.6%, 1,610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $342.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $1.34 billion. The average EPS estimate is $1.02.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 194 members out of 225 rating the stock outperform, and 31 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Moneygram International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Moneygram International is outperform, with an average price target of $21.25.
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The article Moneygram International Beats Analyst Estimates on EPS originally appeared on Fool.com.
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