Western Union (WU) Misses Q1 EPS by 6c, Affirms Guidance

Western Union (NYSE: WU) reported Q1 EPS of $0.33, $0.06 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.29 billion.

2017 Outlook

The Company affirmed its full year outlook for 2017, which was previously reported on February 9:

• Revenue
• Flat to low single digit decrease in GAAP revenues, or a low single digit increase constant currency.
• Operating Profit Margin
• GAAP operating margin of approximately 18% and adjusted operating margin of approximately 20%. Adjusted operating margins exclude approximately $100 million of expected WU Way related expenses.
• Earnings per Share
• GAAP EPS in a range of $1.48 to $1.60 and adjusted EPS in a range of $1.63 to $1.75. Adjusted EPS excludes the impact of the WU Way related expenses.
• Cash Flow
• GAAP cash flow from operating activities of approximately $200 million, which includes $591 million of payments related to the settlement with federal and state governments announced in January 2017, approximately $100 million of anticipated final tax payments relating to the agreement announced with the U.S. Internal Revenue Service in December 2011, and WU Way related payments. Excluding these items, expected cash flow from operating activities would be approximately $1 billion.

For earnings history and earnings-related data on Western Union (WU) click here.

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