Analysts expect this money remittance company to grow earnings by more than 20% next year.
International Money Express, Inc. (IMXI)
From SmallCap Informer
Significant populations of the world have no access to traditional banks and instead rely on commercial services to pay bills, cash checks, and send funds both domestically and internationally.
International Money Express, Inc. (Intermex) operates more than 100,000 global locations in retail stores and banks that offer cash transfers, check-cashing, and money orders, as well as bill payment for phone, cellular, cable, and utilities. Intermex does offer services through its website and mobile app, but unlike other FinTech companies like Square/CashApp or Paypal, its customers rely on the ability to cash paper checks, and convert or transfer currency in person.
Organic growth in 2022 will be driven by increases in Intermex’s agent base and greater adoption of reloadable debit and payroll cards. Higher operating efficiency should support margin improvement, and rising interest rates will fuel increased returns on funds in transit.
Based on the low end of management’s guidance, year-over-year revenue growth for fiscal 2021 should be 26.0% with net income growth of 30.2%. EPS will be $1.12 or better, representing 27% growth over FY 2020. This sets the stage for another successful year in 2022.
Doug Gerlach, Smallcapinformer.com, 1-877-33-ICLUB, January 3, 2021