Moonpig Update Signals Calm Before Christmas Surge

September 12, 2024 09:23 PM AEST | By Team Kalkine Media

Google News:

Moonpig Update Signals Calm Before Christmas Surge — Image source: shutterstock

Recent News

Fifth Third Becomes First Bank To Offer Free Wills to All Customers

Beat the Heat: Pigenius' New Sunshade Guide Helps Drivers Stay Cool Th...

NUS researchers develop novel material for water quality monitoring de...

BingX Partners with Cornix to Elevate Automated Trading Experience

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.