The Western Union Company (NYSE:WU) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, WU is expected to report 3Q20 income of $ 0.46 per share from revenue of $ 1245.95 million.
For the full year, analysts anticipate top line of $ 4818.85 million, while looking forward to income of $ 1.78 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.95 ~ $ 2.05 per share
Click Here For More Historical Outlooks Of The Western Union Company
Previous Quarter Performance
The Western Union Company outlined income for the second quarter of $ 0.41 per share, from the revenue of $ 1,115.00 million. The quarterly earnings decreased 8.89 percent while revenues contracted 16.82 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.35 per share from $ 1082.27 million in revenue. The bottom line results beat street analysts by $ 0.06 or 17.14 percent, at the same time, top line results outshined analysts by $ 32.73 million or 3.02 percent.
Stock Performance
Shares of The Western Union Company traded low $ -0.59 or -2.83 percent on Wednesday, reaching $ 20.26 with volume of 5.63 million shares. The Western Union Company has traded high as $ 20.79 and has cracked $ 20.16 on the downward trend
According to the previous trading day, closing price of $ 20.26, representing a 19.90 % increase from the 52 week low of $ 17.39 and a 26.71 % decrease over the 52 week high of $ 28.45.
The company has a market capital of $ 8.33 billion and is part of the Financial Services sector and Credit Services industry.
Recent Analyst recommendations
- On 15th September 2020, upgraded by Bank of America to Buy from Neutral rating.
Conference Call
The Western Union Company will be hosting a conference call at 4:30 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.westernunion.com
The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents.
