The chart below shows how WU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WU sees a -0.52% change in stock price 10 days leading up to the earnings, and a -2.88% change 10 days following the report. On the earnings day itself, the stock moves by -0.14%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Consumer Money Transfer Growth: Consumer Money Transfer transactions grew 4% in the quarter, excluding Iraq, continuing the mid-single-digit trends we have now seen for the last five quarters.
Quarterly Revenue Growth: Adjusted revenue grew 1% in the quarter, excluding Iraq, representing the second consecutive quarter of positive revenue growth.
Branded Digital Growth: Our branded digital business continued to accelerate with transaction growth of 15%, continuing improvement from the second quarter.
Branded Digital Revenue Growth: Our branded digital revenue growth improved 200 basis points compared to the prior quarter and at 9% growth is now approaching our double-digit growth aspirations.
Strong Revenue Growth: Consumer Services had another strong quarter with 15% adjusted revenue growth, driven by an expansion in our FX business as well as our Media Network business.
Negative
Consumer Money Transfer Growth: Consumer Money Transfer transactions grew 4% in the quarter, excluding Iraq, indicating a continuation of the mid-single-digit trend we have now seen for the last five quarters.
Operating Margin Decline: Adjusted operating margins were 19.1% compared to 19.6% last year, with the decrease primarily related to elevated Iraq revenue last year and strategic investments in our Consumer Services business.
Revenue Decline Analysis: Adjusted revenue was down 8%, which included an 8% headwind from lower Iraq revenue.
Branded Digital Business Growth: Our branded digital business continued to accelerate with transaction growth of 15%, continuing improvement from the second quarter.
Revenue Decline Analysis: CMT adjusted revenue was down 8%, which included an 8% headwind from lower Iraq revenue.
The Western Union Company (WU) Q3 2024 Earnings Call Transcript
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