From Morningstar: 2024-06-13 06:51:00

Wise’s stock price dropped 15% due to disappointing guidance, reducing market value to £7.3 billion. Annual revenue increased by 24% to £1.05 billion with pretax profit more than tripling to £481.4 million. For financial 2025, Wise expects 15-20% annual income growth and aims for a pretax margin of 13-16%.

Jefferies expressed concerns over Wise’s 2025 guidance, which predicts lower income and pretax profit than consensus estimates. Wise stated that 2024 efficiency gains led to inflated earnings, supporting a price reduction for 2025. Despite initial disappointment, Jefferies sees the cuts boosting confidence in medium-term growth and acknowledges Wise’s active customer and volume growth.



Read more at Morningstar: Wise Shares Slide as Profit Forecast Disappoints