Western Union Shares Rise 1.67% as Earnings Preview Points to EPS Drop

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Summary · why it matters

Western Union closed at $6.10, up 1.67% on the day, outpacing the S&P 500's 0.66% gain. Ahead of its upcoming earnings release, the money transfer company's projected EPS is $0.35, a 25.53% drop from the same quarter a year earlier, while consensus revenue is forecast at $1.04 billion, up 0.95%. For the full year, the Zacks Consensus Estimates forecast earnings of $1.29 per share and revenue of $4.12 billion, changes of -26.29% and +1.72% respectively. Over the last 30 days the Zacks Consensus EPS estimate has fallen 0.28%, and Western Union currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E of 4.66, a discount to its industry's average Forward P/E of 13.68.

Impact on assets 1

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Western Union Co
WU
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Projected EPS of $0.35 is a 25.53% year-over-year drop, with full-year earnings estimates down 26.29% and the consensus EPS estimate cut over the last 30 days.