Moneygram International Earnings: Here’s Why Investors Like These Results

Moneygram International Inc. (NYSE:MGI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.08%.

Moneygram International Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 39.13% to $0.32 in the quarter versus EPS of $0.23 in the year-earlier quarter.

Revenue: Rose 10.59% to $365.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Moneygram International Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $355.49 million.

Quoting Management: “We delivered a great quarter as we once again achieved double-digit growth in money transfer transaction volume and constant currency revenue from the momentum of agent activation, brand awareness and continued product innovation. Our growth outpaced the market and we posted our strongest US outbound transaction growth in more than five years,” said Pamela H. Patsley, chairman and chief executive officer. “With our strong free cash flow generation, we continue to make investments in IT, compliance and products that enhance our operations and provide increased convenience and service to our customers. These investments not only enhance our competitive service offering but also serve to strategically position MoneyGram for the future.”

Key Stats (on next page)…

Revenue increased 7.22% from $340.5 million in the previous quarter. EPS increased 18.52% from $0.27 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.34 and has not changed. For the current year, the average estimate has moved up from a profit of $1.24 to a profit of $1.27 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)