IDT Stock Surges After Strong Q4 Earnings Report
Shares of IDT (NYSE: IDT) surged over 10% on the day following strong fourth-quarter financial results and optimistic guidance for fiscal year 2027. The company reported $339 million in revenue, a 7% increase from the prior year, along with earnings per share rising to $0.87 compared to $0.67 last year. IDT also provided an upbeat outlook, forecasting consolidated gross profit growth between $545 million and $555 million for fiscal 2027—up from $496.8 million in the previous year—and adjusted EBITDA expected to rise to $178–$180 million compared to $154.6 million. The CEO highlighted plans to expand internationally with its BOSS Money app, including new features like peer-to-peer remittances and a stablecoin-backed wallet. Despite the positive results, analysts note that IDT's current valuation is trading at a premium relative to historical averages.
Tickers: $IDT
Topics: earnings future guidance profitability revenue growth