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Market News

WEX Inc reports results for the quarter ended in March - Earnings Summary
25-Apr-24 13:34

    * WEX Inc WEX.N reported quarterly adjusted earnings of

$3.46​​

per share for the quarter ended in March, higher than the same

quarter last year, when the company reported EPS of $3.31.  The

mean expectation of fifteen analysts for the quarter was

for earnings of $3.48 per share. Wall Street expected results to

range from $3.40  to $3.54 per share.

    * Revenue rose 6.7% to $652.70 million from a year ago;

analysts

expected $654.70 million.

    * WEX Inc's reported EPS for the quarter was $1.55​.

    * The company reported quarterly net income of $65.8

million.

    * WEX Inc shares had fallen by 1.8% this quarter and

gained 19.9%

so far this year.

FORECAST CHANGES

    * The mean earnings estimate of analysts had fallen by

about 8% in

the last three months.​

    * In the last 30 days, two analysts negatively revised

earnings

estimates

RECOMMENDATIONS

    * The current average analyst rating on the shares is "buy"

and

the breakdown of recommendations is 9 "strong buy" or "buy," 6

"hold" and no "sell" or "strong sell."

    * The average consensus recommendation for the business

support

services peer group is also "buy"

Wall Street's median 12-month price target for WEX Inc is

$268.50

This summary was machine generated from LSEG data April 25 at

05:34 p.m. UTC. ​All figures in US dollars unless otherwise

stated. (For questions concerning the data in this report,

contact Estimates.Support@lseg.com. For any other questions or

feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,

                                                 MISSED

Mar. 31 2024      3.48           3.46           Missed

Dec. 31 2023      3.70           3.82           Beat

Sep. 30 2023      3.77           4.05           Beat

Jun. 30 2023      3.51           3.63           Beat

Market Information above is provided by third party service provider   Disclaimer