MoneyGram (MGI) Misses Q4 EPS by 12c

MoneyGram (NASDAQ: MGI) reported Q4 EPS of $0.01, $0.12 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $345.8 million versus the consensus estimate of $359.1 million.

Full Year 2019 Outlook

For the full year 2019, the company is projecting revenue to decline approximately 2 to 4 percent on a constant currency basis and Adjusted EBITDA is expected to decline approximately 8 to 12 percent on a constant currency basis. As a result of the company's compliance changes implemented in 2018, the company anticipates the bulk of the revenue and Adjusted EBITDA decline to occur in the first half of the year. The company anticipates returning to full year growth for both revenue and Adjusted EBITDA, on a constant currency basis, in 2020.

"Looking forward, 2019 will be the Year of the Customer - the year to acquire, learn, and retain. The results of the customer experience initiatives launched last year will enable us to recapture growth, deliver on our vision to offer an exceptional experience with each transaction and continue to lead in compliance. As we capitalize on the strength of our digital & physical network we will provide consumers with the protection, choice and convenience they demand in this omnichannel environment," said Holmes.

For earnings history and earnings-related data on MoneyGram (MGI) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Diana Shipping drops bid for Genco after price demands spike to $36.91
• SanDisk upgraded at JPMorgan after investor day; shares climb