, Will stock surge before Earnings results? Moneygram International (NASDAQ:MGI)

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Earnings results for Moneygram International (NASDAQ:MGI)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.13 and remained the same over the past month at -0.13. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.34 and remained the same over the past month at -0.34 . none raised and none lowered their forecast.

Moneygram International last issued its earnings results on May 1st, 2020. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $290.90 million for the quarter, compared to analysts’ expectations of $286.49 million. Moneygram International has generated ($0.06) earnings per share over the last year. Moneygram International has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020. Moneygram International will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analyst Opinion on Moneygram International (NASDAQ:MGI)

4 Wall Street analysts have issued ratings and price targets for Moneygram International in the last 12 months. Their average twelve-month price target is $1.00, suggesting that the stock has a possible downside of 72.07%. The high price target for MGI is $1.00 and the low price target for MGI is $1.00. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Moneygram International has received a consensus rating of Hold. The company’s average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $1.00, Moneygram International has a potential downside of 72.1% from its current price of $3.58. Moneygram International has received no research coverage in the past 90 days.

Dividend Strength: Moneygram International (NASDAQ:MGI)

Moneygram International does not currently pay a dividend. Moneygram International does not have a long track record of dividend growth.

Insiders buying/selling: Moneygram International (NASDAQ:MGI)

In the past three months, Moneygram International insiders have not sold or bought any company stock. Only 3.40% of the stock of Moneygram International is held by insiders. Only 26.34% of the stock of Moneygram International is held by institutions.

Earnings and Valuation of Moneygram International (NASDAQ:MGI

Earnings for Moneygram International are expected to grow in the coming year, from ($0.34) to ($0.20) per share. The P/E ratio of Moneygram International is -3.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Moneygram International is -3.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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