Overview

* International Money Express ( IMXI ), or Intermex, Q2 revenue down 6.1%, missing analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats consensus, driven by digital product growth

* Co's adjusted EBITDA beats estimates, reflecting foreign exchange gains

Outlook

* Intermex's future guidance suspended amid Western Union merger agreement

Result Drivers

* SERVICE FEE DECLINE - Revenue down due to reduced service fees from fewer transactions

* FOREIGN EXCHANGE GAINS - Higher average principal sent per transaction increased foreign exchange gains

* DIGITAL PRODUCT GROWTH - Growth in digital products partially offset revenue decline

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $161.10 $164.50

Revenue mln mln (7

Analysts

)

Q2 Beat $0.51 $0.5 (6

Adjusted Analysts

EPS )

Q2 EPS $0.37

Q2 Meet $15.20 $15.20

Adjusted mln mln (4

Net Analysts

Income )

Q2 Net $11 mln

Income

Q2 Beat $28.80 $26.80

Adjusted mln mln (7

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the business support services peer group is "buy."

* Wall Street's median 12-month price target for International Money Express Inc ( IMXI ) is $13.50, about 31.3% above its August 8 closing price of $9.28

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)