WEX Inc reports results for the quarter ended March 31 - Earnings Summary
01/05/2025 01:52
WEX Inc WEX.N reported quarterly adjusted earnings of $3.51 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $3.46. The mean expectation of fifteen analysts for the quarter was for earnings of $3.46 per share. Wall Street expected results to range from $3.20 to $3.88 per share. Revenue fell 2.5% to $636.60 million from a year ago; analysts expected $632.64 million. WEX Inc's reported EPS for the quarter was $1.81. The company reported quarterly net income of $71.5 million. WEX Inc shares had fallen by 16.1% this quarter and lost 24.9% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had fallen by about 8.5% 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 "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold" Wall Street's median 12-month price target for WEX Inc is $163.00 This summary was machine generated from LSEG data May 1 at 12:52 a.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 2025 | 3.46 | 3.51 | Beat |
| Dec. 31 2024 | 3.55 | 3.57 | Beat |
| Sep. 30 2024 | 4.42 | 4.35 | Missed |
| Jun. 30 2024 | 3.72 | 3.90 | Beat |