Western Union Co reports results for the quarter ended March 31 - Earnings Summary

• Western Union Co WU.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 37 cents to 43 cents per share.

• Revenue fell 6.2% to $983.60 million from a year ago; analysts expected $994.64 million.

• Western Union Co's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $123.5 million.

• Western Union Co shares had fallen by 5.5% this quarter and lost 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.7% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 11 "hold" and 7 "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for Western Union Co is $12.00

This summary was machine generated from LSEG data April 23 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)