WEX Inc reports results for the quarter ended in December - Earnings Summary

WEX

09/02/2023 14:33

* WEX Inc  WEX.N  reported quarterly adjusted earnings of
$3.44​​
per share for the quarter ended in December. The mean
expectation of sixteen analysts for the quarter was for earnings
of $3.22 per share.
    * Revenue rose 24.3% to $618.61 million from a year ago;
analysts
expected $576.86 million. 
    * WEX Inc's reported EPS for the quarter was $2.02​.
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * WEX Inc shares had risen by 14.0% this quarter.
    * The company reported quarterly net income of $88.69
million.
    * Wall Street's median 12-month price target for WEX Inc is
$193.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 02:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      3.22           3.44           Beat
 Sep. 30 2022      3.42           3.51           Beat
 Jun. 30 2022      3.38           3.71           Beat
 Mar. 31 2022      2.69           2.88           Beat