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 ...

Exhibit 99.1 WEX Inc. Reports Third Quarter 2024 Financial Results Q3 revenue increased 2% year-over-year to a third quarter record $665 million, driven by 9% growth in the Benefits segment and continued progression in Mobility segment growth rate Q3 GAAP net income was $2.52 per diluted share; Q3 adjusted net income was $4.35 per diluted share Q3 GAAP operating income margin of 29.5% and adjusted operating income margin of 44.0% $370 million spent on share repurchases in Q3, including a $300 million accele ...

The upcoming report from Wex (WEX) is expected to reveal quarterly earnings of $4.43 per share, indicating an increase of 9.4% compared to the year-ago period. Analysts forecast revenues of $690.17 million, representing an increase of 6% year over year.Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this ...

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WEX Inc. (WEX) has had an impressive run over the past three months. The stock has gained 16.4% compared with the 6.2% growth of the industry it belongs to and the 2.6% uptick of the Zacks S&P 500 composite. WEX has an expected long-term (three to five years) EPS growth rate of 12.2%. The company's earnings for 2024 and 2025 are expected to grow 9.2% and 12.9%, respectively. Factors That Bode Well WEX is a leader in the fleet payments industry, providing payment solutions for fuel management, corporate trav ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores ...

WEX Inc. (NYSE: WEX ) is a global payments processor, which specializes in providing payment solutions for businesses, including fleet cards, employee benefits and payments to other businesses. The company has grown its revenue at a 14% CAGR over the past 10 An 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 ...