IntL Money Express Expects Q1 Revenue of $150.4M-$155.0M Vs $157.65M Est, Adj EPS of $0.39-$0.42 Vs $0.43 Est, FY24 Revenue of $681.0M-$701.8M Vs $719.13M Est, Adj EPS of $2.13-$2.31 Vs $2.22 Est
Portfolio Pulse from Benzinga Newsdesk
IntL Money Express (IMXI) provided guidance for Q1 and FY24, forecasting revenues and EPS below analyst estimates. For Q1, revenue is expected between $150.4M-$155.0M with adjusted EPS of $0.39-$0.42. For FY24, revenue projections are $681.0M-$701.8M with adjusted EPS of $2.13-$2.31.
February 27, 2024 | 1:05 pm
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IntL Money Express forecasts Q1 and FY24 revenues and EPS below analyst estimates, indicating potential short-term negative impact on stock price.
When a company forecasts revenues and EPS below analyst estimates, it often leads to a negative perception among investors, potentially causing a short-term decrease in stock price. IMXI's guidance for both Q1 and FY24 falls short of expectations, which could lead to a negative reaction in the market.
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IMPORTANCE 90
RELEVANCE 100