Wex (WEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Viewpoint - Wex (WEX) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected to significantly influence its stock price [1][2]. Earnings Expectations - The consensus estimate for Wex's quarterly earnings is $3.69 per share, reflecting a year-over-year decrease of 5.6%. Revenues are projected to be $653.38 million, down 3% from the previous year [3]. - The consensus EPS estimate has been revised 1.2% higher in the last 30 days, indicating a slight bullish sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.88% for Wex, suggesting that analysts are optimistic about the company's earnings prospects [12]. - Wex currently holds a Zacks Rank of 2, indicating a strong likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Wex exceeded the expected earnings of $3.4 per share by delivering $3.51, resulting in a surprise of +3.24% [13]. - Over the past four quarters, Wex has surpassed consensus EPS estimates three times [14]. Conclusion - Wex is positioned as a compelling candidate for an earnings beat, but investors should consider additional factors beyond earnings expectations when making investment decisions [17].