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Western Union (WU) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-09-24 23:20
Western Union (WU) ended the recent trading session at $12, demonstrating a +0.17% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.25%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.56%.The money transfer company's stock has climbed by 0.25% in the past month, falling short of the Business Services sector's gain of 3.75% and the S&P 500's gain of 1.65%.The investment community will be paying close attention to the ...
Western Union (WU) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-09-11 23:05
In the latest market close, Western Union (WU) reached $11.78, with a -1.01% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%.Shares of the money transfer company have appreciated by 2.15% over the course of the past month, underperforming the Business Services sector's gain of 5.24% and the S&P 500's gain of 2.92%.Investors will be eagerly wa ...
Why Western Union (WU) Dipped More Than Broader Market Today
ZACKS· 2024-09-05 23:01
Western Union (WU) closed at $12.07 in the latest trading session, marking a -1.31% move from the prior day. This change lagged the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.54%, and the technology-centric Nasdaq increased by 0.25%.The money transfer company's shares have seen an increase of 6.63% over the last month, surpassing the Business Services sector's gain of 5.74% and the S&P 500's gain of 3.42%.Investors will be eagerly watching for the performance of Western ...
Western Union (WU) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-09-04 23:22
Company Performance - Western Union closed at $12.23, with a +0.49% change from the previous day, outperforming the S&P 500's loss of 0.16% [1] - The company's shares gained 5.83% over the past month, while the Business Services sector and S&P 500 gained 5.8% and 3.64%, respectively [1] - Upcoming EPS is projected at $0.44, indicating a 2.33% increase year-over-year, while revenue is expected to be $1.03 billion, reflecting a 5.91% decline compared to the previous year [1] Earnings Estimates - For the full year, earnings are projected at $1.77 per share and revenue at $4.18 billion, showing changes of +1.72% and -4.08% from the previous year [2] - Recent analyst estimate revisions indicate short-term business trends, with positive revisions suggesting optimism about the company's profitability [2] - The Zacks Rank system, which reflects these estimate changes, provides a rating system for investors [2] Valuation Metrics - Western Union has a Forward P/E ratio of 6.89, significantly lower than the industry average of 16.55, indicating it is trading at a discount [3] - The company has a PEG ratio of 1.82, compared to the Financial Transaction Services industry's average PEG ratio of 1.29 [3] Industry Overview - The Financial Transaction Services industry is part of the Business Services sector and holds a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [4] - The Zacks Industry Rank evaluates the performance of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]
Western Union Digital Transformation Strategy Profile 2024: Accelerators, Incubators and Other Innovation Programs
GlobeNewswire News Room· 2024-09-03 16:15
Core Insights - The report titled "Enterprise Tech Ecosystem Series: Western Union 2024" provides a comprehensive overview of Western Union's technology activities, including digital transformation strategies, innovation programs, technology initiatives, and acquisitions [1][2]. Group 1: Company Overview - Western Union is a US-based financial services company that facilitates money transfers and payments globally for businesses, consumers, governments, and financial institutions [1]. - The company operates through two main segments: Consumer Money Transfer and Consumer Services [1]. Group 2: Business Segments - The Consumer Money Transfer segment provides global money transfer services to consumers via retail and digital channels [2]. - The Consumer Services segment includes bill payment services in the US and Argentina, money order services, retail foreign exchange services, lending partnerships, digital wallets, and prepaid cards [2]. - The Business Solutions segment was sold to Goldfinch Partners and The Baupost Group on July 1, 2023 [2]. Group 3: Technology Insights - The report details Western Union's digital transformation strategies and innovation programs, highlighting technology initiatives such as partnerships, product launches, and acquisitions [2]. - It provides insights into each technology initiative, including themes, objectives, and benefits [2]. - The report also includes information on estimated ICT budgets and major ICT contracts [2]. Group 4: Key Topics Covered - Key topics in the report include Digital Transformation Strategy, Accelerators, Incubators, Technology Focus, Technology Initiatives, Acquisitions, Partnerships & Acquisitions Map, ICT Budget and Contracts, and Key Executives [4]. Group 5: Featured Companies - The report features various companies involved in the tech ecosystem, including Snowflake, Ripple, OutSystems, Mambu, Tencent Financial Technology, and others [5][6].
Here's Why You Should Retain Western Union Stock for Now
ZACKS· 2024-09-02 18:41
The Western Union Company (WU) , a renowned name in the global payments industry, offers robust services in money transfer and payment solutions. With rising transaction volumes and resilience in its Branded Digital business, the company is poised for growth. Strong performance in Latin America, Caribbean region and North America are supporting its Consumer Money Transfer segment’s growth.Headquartered in Denver, CO, WU currently has a market cap of $4.1 billion. In the year-to-date period, Western Union sh ...
Western Union (WU) Trades Flat On The Day: What You Should Know
ZACKS· 2024-08-29 23:01
The latest trading session saw Western Union (WU) ending at $12.11, denoting no adjustment from its last day's close. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.23%.The the stock of money transfer company has risen by 1.85% in the past month, lagging the Business Services sector's gain of 2.21% and the S&P 500's gain of 2.55%.The upcoming earnings release of Western Union will be of great interest to investors. The company is expected to report EPS of $0.44, up 2.33% from th ...
Western Union (WU) Up 1.9% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-08-29 16:37
It has been about a month since the last earnings report for Western Union (WU) . Shares have added about 1.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Western Union due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Western Union Q2 Earnings Meet, Iraq Results ...
Western Union (WU) Q2 Earnings Meet, Iraq Results Dismal
ZACKS· 2024-08-02 19:35
Shares of The Western Union Company (WU) lost 10% since it reported second-quarter 2024 results on Jul 30. The quarterly results suffered a blow due to a revenue and operating income decline as a result of reduced Iraq contributions and increased currency volatility. Nevertheless, the Consumer Money Transfer (“CMT”) unit saw transaction growth as a result of the solid performance of the Branded Digital business. A decline in overall expenses also provided some respite to margins.WU posted second-quarter adj ...
Here's Why Western Union (WU) is a Strong Value Stock
ZACKS· 2024-08-02 14:41
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed a ...