Moonpig Group PLC (LSE:MOON)’s trading update next Wednesday, 18 September should refrain from any major shocks given the personalised card seller’s peak period comes later.
Ahead of the busy Christmas season, Moonpig’s full-year guidance for mid to high-single-digit revenue growth should be unchanged following the first four months of its financial year.
Markets will then be looking for signs the card firm is on course to meet consensus expectations for £94.1 million in adjusted earnings over the year, through a 26% margin.
Deutsche Bank analysts noted Moonpig had received a boost from higher breakage levels on vouchers in 2024 after more than usual went unredeemed last year.
Consensus is for revenue growth of 6% over the year as a result of the 2024 boost, Detusche said, with many also anticipating margins to sit slightly lower.
“We expect any outperformance this year would be top-line driven, through the Moonpig brand but view that as unlikely at this stage in the year pre-peak seasons,” the bank added.