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 ...

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 ...

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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 ...

80% of Global Commercial Fleet Leaders Surveyed Set Goal for 25% EVs by 2030, Latest Frost & Sullivan Insights Reveal LONDON, Sept. 18, 2024 /PRNewswire/ -- Conducted by Frost & Sullivan and commissioned by WEX (NYSE: WEX), a new report provides key insights for organisations managing mixed-energy fleets across Europe, North America, and Asia-Pacific. The study underscores the rapid progress in fleet electrification. While EV adoption rates vary by business and fleet type, most fleet managers expect a signi ...

WEX Inc. (WEX) stock has had an impressive run over the past three months. Shares of the company have gained 11.1% compared with the 6.1% growth of the industry it belongs to and the marginal rise of the Zacks S&P 500 composite. The company's revenues for 2024 are expected to improve 6% year over year, and for 2025, it is anticipated to increase 6.4% year over year. Earnings are anticipated to increase 9.2% in 2024 and 12.9% in 2025. The company has an expected long-term (three to five years) earnings per s ...

WEX celebrates World EV Day by welcoming Blink Charging and another brand to its expanding EV Network in the US. These new additions bring WEX's total network to approximately 130,000 public chargers nationwide. Bowie, Maryland, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Blink Charging Co. (NASDAQ: BLNK), a leading global manufacturer, owner, operator, and provider of electric vehicle (EV) charging equipment and services, announces its collaboration with WEX to enhance the integration of EV charging into mixed ener ...

WEX Inc. (WEX) reported mixed second-quarter 2024 results, wherein earnings beat the Zacks Consensus Estimates, while revenues missed the same. The stock declined 1.7% since the release of results on Jul 25 on weak 2024 earnings and revenue guidance. WEX expects adjusted diluted earnings per share of $15.98-$16.38 compared with the $16.10-$16.60 provided in the preceding quarter. The mid-point ($16.18) of the same is higher than the consensus estimate for earnings of $16.16 per share. The company expects re ...

Table of Contents 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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-32426 WEX Inc. (Exact name of registrant as specified in its charter) Delaware 01-0526993 (State or other juri ...

Core Insights - The company is focusing on commercial electric vehicle (EV) solutions and artificial intelligence (AI) applications to enhance customer value and improve its business model [1][5] - WEX reported a record-high revenue of $673.5 million for the second quarter, reflecting an 8% year-over-year increase [4] - Revenue growth was observed across all three segments: mobility increased by 5.7%, corporate payments by 10.0%, and benefits by 12.9% [2] Technology and Innovation - Enhanced AI tools have contributed to efficiency gains, particularly in managing credit losses and identifying abnormal behaviors that may indicate potential loss events [1] - The company is expanding its commercial EV solutions, currently offering public and home charging solutions, with plans to introduce captive charging solutions in 2024 [6] - The tech-forward approach aims to transform customer experiences, particularly in customer service operations and risk functions, supporting profitability in both the short and long term [7] Market Position and Strategy - WEX aims to solidify its market leadership by providing innovative solutions that meet customer needs in a mixed fleet environment [3][4] - The company believes that most customers will operate in a mixed fleet world, leveraging strengths in both fuel and EV solutions to enhance operational efficiency [4] - WEX is committed to its growth strategy, focusing on operational efficiency targets that drive commercial reinvestment and margin expansion [7]