The market expects Wex (WEX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Febru ...

Shares of Wex (NYSE: WEX ) have been under pressure due to lower fuel prices and generally weak spending on commercial travel by its enterprise customers in what has been a challenging macroeconomic backdrop. My outlook for earnings growth ofAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of ...

WEX Inc. (WEX) reported dismal third-quarter 2024 results, wherein earnings and revenues missed the Zacks Consensus Estimates.See Zacks Earnings Calendar to stay ahead of market-making news.The stock declined 4.7% since the release of results on Oct. 24 due to earnings and revenues miss, and a weak guidance.For the fourth quarter of 2024, the company lowered its revenue guidance to $630-$640 million from the $688-$698 million provided in the preceding quarter. The mid-point ($635 million) of WEX’s revised g ...

Gas prices unexpectedly came down, and that's hurting revenue.Shares of financial technology (fintech) company Wex (WEX -14.98%) plunged on Thursday after reporting financial results for the third quarter of 2024 that fell well below management's prior guidance. As of 3:10 p.m. ET, Wex stock was down 14%.Lower fuel prices hit WexWex is an enterprise fintech company specializing in fuel cards, corporate travel, and benefits-management software. In Q3, the company generated revenue of $665 million, which was ...

WEX Inc. (NYSE:WEX) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Steve Elder – Senior Vice President-Investor Relations Melissa Smith – Chief Executive Officer and President Jagtar Narula – Chief Financial Officer Conference Call Participants David Koning – Baird Nik Cremo – UBS Andrew Bauch – Wells Fargo Dan Dolev – Mizuho Mihir Bhatia – Bank of America Sanjay Sakhrani – KBW Nate Svensson – Deutsche Bank Ramsey El-Assal – Barclays Andrew Jeffrey – William Blair Operato ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.01 par value WEX New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fro ...

The contemporary operating landscape is increasingly defined by both resilience and vulnerability.These two themes were central to WEX Inc.’s third-quarter 2024 earnings call on Thursday (Oct. 24). The company, which provides payment processing, fleet management and benefits solutions, told investors it continues to navigate a complex macroeconomic environment that affected its performance in key segments.However, executives remain committed to WEX’s long-term growth strategy, driven by investments in artif ...

Wex (WEX) reported $665.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.2%. EPS of $4.35 for the same period compares to $4.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $688.5 million, representing a surprise of -3.34%. The company delivered an EPS surprise of -1.58%, with the consensus EPS estimate being $4.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

llex TM Q3 2024 Earnings October 24, 2024 00000000000000 .. . . Forward-Looking Statements 2 These materials include forward-looking statements including, but not limited to, statements about management's plans, goals, expectations, and guidance and assumptions with respect to future financial performance of the Company. Any statements in this presentation that are not statements of historical facts are forward-looking statements. When used in this presentation, the words "anticipate," "believe," "continue, ...

Wex (WEX) came out with quarterly earnings of $4.35 per share, missing the Zacks Consensus Estimate of $4.42 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.58%. A quarter ago, it was expected that this provider of fuel payment processing for fleet vehicles would post earnings of $3.80 per share when it actually produced earnings of $3.91, delivering a surprise of 2.89%.Over the ...