Western Union Q3 profit beats on Travel Money unit expansion

Reuters
Oct 24
Western Union Q3 profit beats on Travel Money unit expansion

Overview

  • Western Union Q3 revenue flat at $1.03 bln, beating analyst expectations

  • Adjusted EPS for Q3 beats consensus at $0.47, benefiting from cost efficiencies

  • Consumer Services revenue grew 49%, driven by Travel Money expansion

Outlook

  • Company expects 2025 GAAP revenue between $4.085 bln and $4.185 bln

  • Western Union projects 2025 adjusted revenue between $4.035 bln and $4.135 bln

  • Company forecasts 2025 GAAP EPS between $1.45 and $1.55

  • Western Union expects 2025 adjusted EPS between $1.65 and $1.75

Result Drivers

  • CONSUMER SERVICES GROWTH - Revenue increased 49% due to Travel Money expansion and Eurochange acquisition

  • BRANDED DIGITAL GROWTH - Revenue grew 7% with a 12% increase in transactions

  • CMT DECLINE - Revenue fell 6% due to North America retail slowdown

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$1.03 bln

$1.02 bln (13 Analysts)

Q3 Adjusted EPS

Beat

$0.47

$0.43 (15 Analysts)

Q3 EPS

$0.43

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 11 "hold" and 6 "sell" or "strong sell"

  • The average consensus recommendation for the business support services peer group is "buy."

  • Wall Street's median 12-month price target for Western Union Co is $9.00, about 9.7% above its October 21 closing price of $8.13

  • The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw4W9VNda

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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