AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
_06_03_2025_05_39_24_237687.jpg)
Moonpig Group PLC (LSE:MOON) is scheduled to release a trading update on Wednesday, 18 September. The update is anticipated to be stable, with no significant surprises, as the company’s peak period for business typically occurs later in the year.
In preparation for the Christmas season, Moonpig's guidance for full-year performance remains set at mid to high-single-digit revenue growth, based on the performance observed during the first four months of its financial year. Analysts will be keen to assess whether the company is on track to meet the consensus forecast for £94.1 million in adjusted earnings for the year, supported by a 26% margin.
Deutsche Bank analysts have highlighted that Moonpig has benefitted from increased breakage levels on vouchers in 2024. This is due to a higher rate of unredeemed vouchers compared to the previous year. According to the consensus, the company is projected to achieve a 6% revenue growth for the year, reflecting the boost from these unredeemed vouchers. However, a slight decline in margins is also anticipated.
Deutsche Bank noted that any potential outperformance this year is likely to be driven by revenue growth through the Moonpig brand. Nonetheless, the bank views significant outperformance as unlikely at this point in the year, especially before the peak holiday seasons.
As Moonpig approaches its busy period, attention will focus on whether the company's performance aligns with the forecast and if it can leverage its brand to achieve the expected revenue growth and margin targets.
