The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true v ...

The Western Union Company (WU) posted robust first-quarter 2024 results, driven by the Branded Digital business' resilience, growth in transactions, solid Consumer Money Transfer business performance and stabilization of the retail business. This solid performance prompted the company to raise its full-year outlook. However, increased expenses tempered some of the gains.It announced first-quarter 2024 adjusted earnings per share (EPS) of 45 cents, which beat the Zacks Consensus Estimate by 12.5%. The bottom ...

Western Union’s first quarter results took note of continued shifts to digital channels to send money across borders.Branded digital transactions grew by 13% year over year (YoY), the company detailed in its materials. CEO Devin McGranahan said during the conference call with analysts that consumer money transfer transactions 6% growth rate marked the third consecutive quarter with 5% or more transaction growth.Adjusted revenue growth was 3%, YoY, to a bit more than $1 billion.“The macro backdrop remains co ...

The Western Union Company (NYSE:WU) Q1 2024 Earnings Conference Call April 24, 2024 4:30 PM ET Company Participants Tom Hadley - Head of IR Devin McGranahan - CEO Matt Cagwin - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - Credit Suisse Will Nance - Goldman Sachs Andrew Schmidt - Citi Vasundhara Govil - KBW Ken Suchoski - Autonomous Jason Kupferberg - Bank of America Bryan Keane - Deutsche Bank James Faucette - Morgan Stanley Operator Good day and welcome to the Western Union ...

For the quarter ended March 2024, Western Union (WU) reported revenue of $1.05 billion, up 1.2% over the same period last year. EPS came in at $0.45, compared to $0.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +3.94%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

b UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32903 THE WESTERN UNION COMPANY (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdiction of Incorpor ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Western Union Reports First Quarter 2024 Results • Q1 GAAP revenue of $1.05 billion, up 1% on a reported basis, or up 3% on an adjusted basis • Q1 GAAP EPS of $0.41, up 3% or adjusted EPS of $0.45, up 5% • Consumer Money Transfer transactions grew 6% in Q1 led by 13% growth in Branded Digital transactions • Branded Digital revenue grew 9% on reported and adjusted basis • Raised 2024 full year guidance for revenue and EPS DENVER, April 24, 2024 – The Western Union Company ( ...

Core Viewpoint - Western Union is expected to report a decline in earnings and revenues for the first quarter of 2024, with earnings per share estimated at 40 cents, a 7% decrease from the previous year, and revenues projected at $1 billion, reflecting a 2.7% drop from the same quarter last year [2]. Group 1: Earnings Estimates - The Zacks Consensus Estimate for Western Union's first-quarter earnings per share is pegged at 40 cents, indicating a decline of 7% from the year-ago quarter's reported figure [2]. - The consensus mark for revenues is pegged at $1 billion, suggesting a 2.7% fall from the year-ago quarter's reported number [2]. Group 2: Earnings Surprise History - Western Union's bottom line has beaten estimates in each of the trailing four quarters, with an average surprise of 20.11% [3]. Group 3: Revenue Factors - Revenues in the first quarter are expected to benefit from the strength of the digital business and a stable retail business, driven by favorable transaction trends [4]. - The APAC region is likely to have contributed positively to Western Union's digital business through new customer gains and solid digital conversion rates [4]. - However, revenues in the Consumer Money Transfer (CMT) segment are expected to decline due to weakness in Europe, the Commonwealth of Independent States, and North America, although this may be offset by growth in the Middle East, Africa, South Asia, and Latin America [4]. Group 4: Segment Performance - The Zacks Consensus Estimate for the CMT unit's revenues is pegged at $921 million, indicating a 1.8% decline from the year-ago quarter's reported figure [5]. - The Consumer Services segment is expected to see revenue growth driven by retail money orders, bill payments, prepaid cards, lending products, and foreign currency exchange, with revenues estimated at $87 million, a 4.8% rise from the year-ago quarter [5]. Group 5: Cost Management - Western Union's margins are likely to improve due to cost-curbing initiatives, with total operating costs expected to decline by 1% year over year in the first quarter [6]. Group 6: Earnings Prediction Model - The current model does not predict an earnings beat for Western Union, as the Earnings ESP is 0.00% and the Zacks Rank is 4 (Sell) [7][8].

DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) and the Western Union Foundation are proud to recognize Arian Hajihassani as our CEO Scholar of the Year, the organization’s highest scholarship award for the 2023-2024 school year. Hajihassani is a first-generation university student studying biochemistry and mathematics at Duquesne University in Pittsburgh. Driven by an insatiable desire to learn and make meaningful contributions to cancer treatment and prevention, Hajihassani has already de ...

Core Viewpoint - Western Union reported a strong performance in Q4 2023, with adjusted EPS beating estimates and total revenues showing resilience despite a decline in certain segments [2][8]. Financial Performance - Adjusted EPS for Q4 2023 was 37 cents, exceeding the Zacks Consensus Estimate by 2.8% and reflecting a year-over-year increase of 15.6% [2]. - Total revenues for Q4 2023 were $1.05 billion, a decline of 3.7% year over year but a growth of 3% on a constant-currency basis, surpassing estimates by 4.8% [2]. - Adjusted operating margin improved to 16.1%, up 30 basis points year over year, aided by cost-saving measures and favorable currency changes [3]. Segment Performance - The Consumer Money Transfer (CMT) segment generated revenues of $975.5 million, down 1% year over year but beating estimates by 4.3%. Transactions in this segment increased by 5.2% year over year [4]. - The Consumer Services (CS) segment reported revenues of $76.8 million, a decline of 1% year over year, with operating income down 25% to $20.4 million [5]. Balance Sheet - As of December 31, 2023, Western Union had cash and cash equivalents of $1.27 billion, a slight decrease from $1.29 billion at the end of 2022. Total assets declined to $8.2 billion from $8.5 billion [6]. - Total stockholders' equity increased to $479 million from $477.8 million as of December 31, 2022 [7]. Full-Year Update - For the full year 2023, adjusted revenues were $4.5 billion, a 0.6% increase year over year, while total expenses decreased by 1% to $3.5 billion. Adjusted EPS for the year was $1.74, down 1.1% [8]. Capital Deployment - In 2023, Western Union returned $646 million to shareholders through dividends and share buybacks, with a dividend of 23.5 cents per share approved for Q1 2024 [9]. 2024 Guidance - The company anticipates adjusted revenues between $4.1 billion and $4.2 billion for 2024, indicating a decline of 7.2% from 2022. Adjusted EPS is expected to range from $1.65 to $1.75 [10]. - The company projects double-digit growth in the Consumer Services segment for 2024 and expects revenues from Iraq to be between $50 million and $100 million [10]. Market Position - Western Union has a subpar Growth Score of D and a Momentum Score of F, but a strong Value Score of A, placing it in the top quintile for value investment strategies [11]. - The stock has an aggregate VGM Score of C, indicating a balanced performance across different investment strategies [11].