International Money Express Expects FY23 Revenue of $644.9M-$673.0M, Vs $679.5M Consensus ( Prior View: $667M-$688.5M)
Portfolio Pulse from Benzinga Newsdesk
International Money Express, Inc. (NASDAQ:IMXI) has revised its FY23 revenue forecast to $644.9M-$673.0M, lower than the previous estimate of $667M-$688.5M and below the consensus of $679.5M. The company also expects FY23 Adjusted Diluted EPS of $1.87 to $1.94, lower than the consensus of $2.06.
August 04, 2023 | 10:49 am
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International Money Express has lowered its FY23 revenue and EPS forecasts, both of which are below consensus. This could negatively impact the company's stock price in the short term.
Companies that lower their revenue and earnings forecasts typically see a negative impact on their stock price, as it indicates potential future underperformance. Given that International Money Express's revised forecasts are also below consensus, this could further exacerbate the negative impact on the stock price.
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