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

WEX

27/07/2023 14:31

* WEX Inc  WEX.N  reported quarterly adjusted earnings of
$3.63​​
per share for the quarter ended in June. The mean expectation of
sixteen analysts for the quarter was for earnings of $3.51 per
share.
    * Revenue rose 3.9% to $621.30 million from a year ago;
analysts
expected $621.30 million. 
    * WEX Inc's reported EPS for the quarter was $2.20​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * WEX Inc shares had risen by 8.1% this quarter and
gained 20.3%
so far this year.
    * The company reported quarterly net income of $95.3
million.
    * Wall Street's median 12-month price target for WEX Inc is
$213.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      3.51           3.63           Beat
 Mar. 31 2023      3.20           3.31           Beat
 Dec. 31 2022      3.22           3.44           Beat
 Sep. 30 2022      3.42           3.51           Beat