The 10-second takeaway
For the quarter ended June 30 (Q2), Moneygram International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share grew. GAAP earnings per share grew.
Margins expanded across the board.
Moneygram International reported revenue of $365.1 million. The 11 analysts polled by S&P Capital IQ hoped for revenue of $355.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $330.1 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 $0.32. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. Non-GAAP EPS of $0.32 for Q2 were 14% higher than the prior-year quarter's $0.28 per share. GAAP EPS were $0.27 for Q2 compared to -$0.35 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 36.4%, much better than the prior-year quarter. Operating margin was 11.6%, much better than the prior-year quarter. Net margin was 5.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $365.0 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $1.44 billion. The average EPS estimate is $1.23.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 192 members out of 231 rating the stock outperform, and 39 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Moneygram International a green thumbs-up, and nine 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 $20.17.
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