MoneyGram International Inc. MGI reported fourth-quarter 2020 adjusted income of 12 cents per share, which beat the Zacks Consensus Estimate by 50%. The bottom line was also up 1100% year over year.Earnings gained from strong growth in digital business along with cost saving that aided margins.The company’s total revenues of $323 million missed the Zack Consensus Estimate by 1% and were almost flat year over year.Among the components of revenues, fees and other revenues increased 3% to $320.7 million while investment revenues dropped 79% to $2.6 million.Interest expense of $22.9 million fell 5.8% year over year.Adjusted EBITDA margin of 20% improved 220 basis points year over year.MoneyGram International Inc. Price, Consensus and EPS Surprise MoneyGram International Inc. price-consensus-eps-surprise-chart | MoneyGram International Inc. QuoteSegments in DetailIn the Global Funds Transfer segment, total revenues increased 9.4% year over year to $309.1 million. Within the segment, money transfer revenues grew 4.3% year over year to $298.1 million while Bill payment revenues dropped 20.3% year over year to $11 million. Operating margin improved 710 basis points from the year-ago quarter to 8.9%.The Financial Paper Products segment reported total revenues of $14.2 million, down 40.8% year over year due to an 18.5% decline in money order revenues and a 64.6% plunge in official check revenues. Operating margin deteriorated 720 bps from the year-ago quarter to 26.1%.LiquidityThe company ended the quarter with cash and cash equivalents of $196.1 million, up 33.6% from the level at 2019 end.As of Dec 30, 2020, the company had a payment service obligation of $3.7 billion, up 14.4% from the level at 2019 end.First-Quarter 2021 OutlookThe company issued its outlook for the first quarter of 2021 assuming that the choppy global economic environment was to persist.Against this backdrop, the company anticipates total revenues of approximately $300 million on the strength of its money transfer business and continued triple-digit cross-border MoneyGram Online growth, partially offset by an estimated $8 million reduction in gross investment revenues. Adjusted EBITDA is likely to be approximately $50 million.Ripple Deal UpdateMoneyGram suspended trading on Ripple's platform over concerns about the latter's litigation with the Securities and Exchange Commission. The company is not planning any benefit from Ripple market development fees in the first quarter of 2021. In the first quarter of 2020, the company realized a net expense benefit of $12.1 million from Ripple market development fees.Zacks Rank and Other PlayersMoneyGram currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other players in the same space including Green Dot Corp. GDOT, The Western Union Co. WU and PayPal Holdings, Inc. PYPL surpassed estimates by 93.75%, 7.14% and 8%, respectively.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Western Union Company (WU): Free Stock Analysis Report MoneyGram International Inc. (MGI): Free Stock Analysis Report Green Dot Corporation (GDOT): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research