International Money Express Sees FY24 Revenues Of $657.6M-$677.6M Vs. $689.26M Estimate (Prior View: $681.0M-$701.8M); Sees Adjusted Diluted EPS Of $2.07-$2.25 (Prior View: $2.13-$2.31.)
Portfolio Pulse from Benzinga Newsdesk
International Money Express (IMXI) has revised its FY24 revenue guidance to $657.6M-$677.6M, down from the previous range of $681.0M-$701.8M and below the $689.26M estimate. The company also adjusted its diluted EPS forecast to $2.07-$2.25, down from the prior view of $2.13-$2.31.
August 07, 2024 | 11:47 am
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International Money Express (IMXI) has lowered its FY24 revenue and EPS guidance, which is below analyst estimates. This revision may negatively impact investor sentiment and the stock price in the short term.
The downward revision in revenue and EPS guidance indicates potential challenges in the company's financial performance, which is likely to lead to negative investor sentiment and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100