Overview
International Money Express, or Intermex, Q2 revenue down 6.1%, missing analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus, driven by digital product growth
Co's adjusted EBITDA beats estimates, reflecting foreign exchange gains
Outlook
Intermex's future guidance suspended amid Western Union merger agreement
Result Drivers
SERVICE FEE DECLINE - Revenue down due to reduced service fees from fewer transactions
FOREIGN EXCHANGE GAINS - Higher average principal sent per transaction increased foreign exchange gains
DIGITAL PRODUCT GROWTH - Growth in digital products partially offset revenue decline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $161.10 mln | $164.50 mln (7 Analysts) |
Q2 Adjusted EPS | Beat | $0.51 | $0.5 (6 Analysts) |
Q2 EPS |
| $0.37 |
|
Q2 Adjusted Net Income | Meet | $15.20 mln | $15.20 mln (4 Analysts) |
Q2 Net Income |
| $11 mln |
|
Q2 Adjusted EBITDA | Beat | $28.80 mln | $26.80 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy."
Wall Street's median 12-month price target for International Money Express Inc is $13.50, about 31.3% above its August 8 closing price of $9.28
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago
Press Release: ID:nGNX3sl8jH