Western Union (WU) stock falls 1.13% while market rises; earnings forecast lower.

From Nasdaq.: 2024-06-25 18:15:22

Western Union (WU) closed trading at $12.26, marking a -1.13% change from the prior day, below the S&P 500’s gain of 0.09%. WU shares have fallen by 3.5% in the past month, contrasted with a 1.04% increase in the Business Services sector and a 2.83% gain in the S&P 500.

Investors await Western Union’s earnings report forecasting an EPS of $0.44, down 13.73% YoY, with revenue estimated at $1.06 billion, 9.37% lower than the previous year. For the full fiscal year, estimates suggest earnings of $1.76 per share, up 1.15%, and revenue of $4.17 billion, down 4.21% from the prior year.

Recent analyst revisions directly affect stock prices. The Zacks Rank system, ranking stocks from #1 (Strong Buy) to #5 (Strong Sell), anticipates a $0.44 EPS estimate for WU. The company currently holds a Zacks Rank of #3 (Hold), with no EPS estimate changes over the last 30 days.

Western Union’s valuation metrics demonstrate a Forward P/E ratio of 7.05, discounting the industry’s average of 14.96. The PEG ratio stands at 1.8, compared to the industry’s 0.97 average. The Financial Transaction Services industry boasts a Zacks Industry Rank of 63, placing it in the top 25% of industry rankings.

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Read more at Nasdaq.: Western Union (WU) Stock Sinks As Market Gains: Here’s Why