- Wise’s 3rd quarter volume reached GBP 37.8 billion, surpassing the estimated GBP 37.22 billion.
- Personal transaction volume was GBP 27.4 billion, slightly under the estimate of GBP 27.42 billion.
- Business transaction volume achieved GBP 10.4 billion, exceeding the expected GBP 9.69 billion.
- Wise’s total customer base is at 9.05 million, falling short of the anticipated 9.36 million.
- The number of personal customers stood at 8.61 million, compared to the estimate of 8.92 million.
- Business customers totaled 435,000, less than the projected 442,063.
- Underlying income was GBP 349.5 million, below the estimate of GBP 353.7 million.
- Reported a 13% increase in underlying income.
- Forecasts suggest underlying income growth of 15-20% in FY25 on a constant currency basis, with reported growth at the lower end due to FX headwinds.
- Establishing relationships with major global institutions marks significant progress towards Wise’s goal of achieving “money without borders.”
- Investment analyst ratings include 12 buys, 7 holds, and 3 sells.
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Wise PLC on Smartkarma
Analyst coverage of Wise PLC on Smartkarma reveals positive sentiment from Value Investors Club. The report, titled “Wise Plc (WPLCF) – Tuesday, Jul 2, 2024,” highlights the recent stock declines attributed to cyclical factors. However, investors remain optimistic about Wise’s expanding product offerings and core FX payments supporting revenue growth. Wise’s operational presence in various countries allows for faster and cost-effective cross-border transactions, showcasing a strong track record of organic growth in a high Total Addressable Market. The research, originally published 3 months ago, underscores the company’s potential amidst market fluctuations.
The analysis provided by Value Investors Club sheds light on Wise PLC‘s position in the market, emphasizing the resilience and growth prospects of the company. With a bullish outlook, the report resonates with investors looking for opportunities in the evolving landscape of financial services. The endorsement of Wise’s business model and strategic initiatives reflects a positive sentiment towards the company’s trajectory. Investors monitoring Wise PLC on Smartkarma can leverage this insightful research to make informed decisions amidst market volatility.
A look at Wise PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wise PLC, a company specializing in software solutions for international money transfers, is positioned for long-term success according to Smartkarma’s Smart Scores. With impressive scores of 5 in Growth, Resilience, and Momentum, Wise PLC is showing strong potential for expansion and stability in the market. This indicates that the company is likely to experience significant growth opportunities, exhibit resilience in challenging economic conditions, and maintain strong momentum in its operations.
While Wise PLC excels in Growth, Resilience, and Momentum, its scores in Value and Dividend are comparatively lower at 2 and 1, respectively. Despite this, the company’s overall outlook remains positive, supported by its robust performance in crucial areas for long-term success. Investors may find Wise PLC an attractive option for capitalizing on its growth prospects and strong market position in the international money transfer sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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