MoneyGram: Q1 Earnings Insights

Shares of MoneyGram MGI rose 0.60% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 16.67% year over year to ($0.05), which were in line with the estimate of ($0.05).

Revenue of $290,900,000 higher by 0.59% year over year, which missed the estimate of $292,670,000.

Outlook

MoneyGram hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 01, 2020

Time: 12:00 PM ET

Webcast URL: https://viavid.webcasts.com/starthere.jsp?ei=1302573&tp_key=28eecd8f31

Price Action

52-week high: $6.70

52-week low: $1.15

Price action over last quarter: down 20.10%

Company Overview

MoneyGram International Inc offers products and services under its two reporting segments; Global Funds Transfer, which is the core revenue generator, and Financial Paper Products. The Global Funds Transfer segment provides global money transfer services and bill payment services to consumers. It primarily offers services through third-party agents, including retail chains, independent retailers, post offices and other financial institutions. The company also offer Digital solutions such as moneygram.com, mobile solutions, account deposit and kiosk-based services. The Financial Paper Products segment provides official check outsourcing services and money orders through financial institutions and agent locations. The group operates in the United States and other countries.