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There's been a notable change in appetite for International Money Express, Inc. (NASDAQ:IMXI) shares in the week since its first-quarter report, with the stock down 13% to US$10.89. It looks like a pretty bad result, all things considered. Although revenues of US$144m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 23% to hit US$0.25 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, International Money Express' seven analysts currently expect revenues in 2025 to be US$642.8m, approximately in line with the last 12 months. Statutory earnings per share are expected to decline 14% to US$1.56 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$663.4m and earnings per share (EPS) of US$1.82 in 2025. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.
Check out our latest analysis for International Money Express
It'll come as no surprise then, to learn that the analysts have cut their price target 22% to US$13.67. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic International Money Express analyst has a price target of US$18.00 per share, while the most pessimistic values it at US$11.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 2.0% by the end of 2025. This indicates a significant reduction from annual growth of 16% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 5.2% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - International Money Express is expected to lag the wider industry.