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WEX Inc reports results for the quarter ended June 30 - Earnings Summary

WEX Inc WEX.N reported quarterly adjusted earnings of $3.95​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $3.90.  The mean expectation of sixteen analysts for the quarter was for earnings of $3.69 per share. Wall Street expected results to range from $3.42  to $3.80 per share.

Revenue fell 2.1% to $659.60 million from a year ago; analysts expected $654.27 million.

WEX Inc's reported EPS for the quarter was $1.98​.

The company reported quarterly net income of $68.1 million.

WEX Inc shares had risen by 9.4% this quarter and lost 8.4% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts was unchanged in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 14 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is  "buy."

Wall Street's median 12-month price target for WEX Inc is $160.00, about 2.1% below its last closing price of $163.40

This summary was machine generated from LSEG data July 23 at 09:46 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20253.693.95Beat
Mar. 31 20253.463.51Beat
Dec. 31 20243.553.57Beat
Sep. 30 20244.424.35Missed

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