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Ebix schedules 2Q19 report ?2

16:51 02-Aug-19


Ebix has scheduled its second quarter report for the morning of Thursday, August 8th.  Three analysts cover the company and the average of their estimates comes to $1.06 of EPS from $150M of revenue with the latter figure rising to $157M this quarter.

EBIX has gotten no love from the market and looks cheap right now.  So, a beat could generate some pop, but I expect the company has integration work to do.  I will cover the call at least briefly, but no matter how EBIX shares jump around the real payout probably won't come unless and until the company is able to IPO EbixCash and reduce its debt.  It may be too early for an update on that, but if the company is going to keep to its 2Q20 projection for the event, then something definitive should come by the next report at the end of November.