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However, WU’s stock has declined 18.1% in price year-to-date and 9.5% over the past three months. Closing yesterday’s trading session at $17.96, it is currently trading 32.5% below its 52-week high of $26.61.
In its recently released third-quarter results, the company beat the consensus earnings estimate, while its revenues fell short of projections. Furthermore, analysts expect WU to report total revenue of around $1.29 billion in the fourth quarter, bringing its full-year amount to $5.08 billion, or roughly 4% lower than its 2019 figure. This slow recovery has made investors cautious about the stock.
