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IMXI International Money Express News Story

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Money transfer firm Intermex's Q2 revenue misses estimates, adjusted EPS beats

Overview

International Money Express, or Intermex, Q2 revenue down 6.1%, missing analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus, driven by digital product growth

Co's adjusted EBITDA beats estimates, reflecting foreign exchange gains

Outlook

Intermex's future guidance suspended amid Western Union merger agreement

Result Drivers

SERVICE FEE DECLINE - Revenue down due to reduced service fees from fewer transactions

FOREIGN EXCHANGE GAINS - Higher average principal sent per transaction increased foreign exchange gains

DIGITAL PRODUCT GROWTH - Growth in digital products partially offset revenue decline

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$161.10 mln$164.50 mln (7 Analysts)
Q2 Adjusted EPSBeat$0.51$0.5 (6 Analysts)
Q2 EPS$0.37
Q2 Adjusted Net IncomeMeet$15.20 mln$15.20 mln (4 Analysts)
Q2 Net Income$11 mln
Q2 Adjusted EBITDABeat$28.80 mln$26.80 mln (7 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "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 International Money Express Inc is $13.50, about 31.3% above its August 8 closing price of $9.28 The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago Press Release: ID:nGNX3sl8jH (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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