Australia's Moneyme climbs as quarterly revenue beats estimates

Moneyme

31/01/2022 24:05

** Shares of digital consumer credit firm Moneyme  MME.AX 
rise as much as 2.9% to A$1.93, their highest since Jan 21 
    ** Says it recorded a 108% jump in its second-quarter
revenue to A$25 mln ($17.48 mln), beating RBC capital markets'
estimate by 13.6%  urn:newsml:reuters.com:*:nASX8N34S6
    ** Quarterly originations for 2Q22 came ahead of our
expectations, with Autopay seeing a continuing strong pace,
which we estimate to be contributing more than 35% during the
quarter - RBC
    ** Brokerage rates the stock 'outperform' and maintains a PT
of A$2.30 on MME 
    ** Stock down ~15.2% this year, as of last close 

    ($1 = 1.4304 Australian dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))