The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Moneygram International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Moneygram International recorded revenue of $338.6 million. The eight analysts polled by S&P Capital IQ hoped for a top line of $343.3 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $321.9 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 $0.30. The eight earnings estimates compiled by S&P Capital IQ forecast $0.27 per share. GAAP EPS were -$0.77 for Q3 against $0.22 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 14.9%, 2,460 basis points worse than the prior-year quarter. Operating margin was -8.1%, 2,260 basis points worse than the prior-year quarter. Net margin was -16.2%, 2,110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $345.9 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $1.33 billion. The average EPS estimate is $1.01.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 195 members out of 234 rating the stock outperform, and 39 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Moneygram International a green thumbs-up, and 10 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 $20.38.
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