Western Union (WU) Q1 Earnings Lag Estimates

By Zacks10 days ago

Western Union (WU) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.22%. A quarter ago, it was expected that this money transfer company would post earnings of $0.42 per share when it actually produced earnings of $0.45, delivering a surprise of 7.14%.

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Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Western Union, which belongs to the Zacks Financial Transaction Services industry, posted revenues of $1.21 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 0.73%. This compares to year-ago revenues of $1.19 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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