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Ebix 2Q23 schedule ?3

11:18 02-Aug-23


Ebix has scheduled its second quarter report for the morning of August 9th.  The two analysts still covering the company expect 24 and 25 cents of EPS from $198M of revenue, declining slightly to $193M this quarter.  EBIX shares have risen with the market to top $30 recently.  The company managed to get class action lawsuits dismissed, but I see that as being of little importance.  Thus, without terms on the EbixCash IPO or another sale to extinguish debt, I see risk as skewed to the downside.  However, the debt maturity extension runs through September, and market has not always been acting reasonably, of late.