WEX Stock Price Decreases 3% as Q1 Earnings Miss Estimates [Yahoo! Finance]
WEX Inc. common stock (WEX)
NASDAQ:AMEX Investor Relations:
wexinc.com/payment-solutions/virtual-payments
Company Research
Source: Yahoo! Finance
Lower-than-expected results disappointed investors as the stock declined 2.6% since the release of results on Apr 25. WEX's adjusted earnings (excluding 1.9 cents from non-recurring items) of $3.5 share missed the Zacks Consensus Estimate by a slight margin but increased 4.5% year over year. Revenues of $652.7 million missed the consensus estimate marginally but rose 6.7% from the year-ago quarter. The WEX stock has gained 21.7% over the past six months, outperforming the 14% rally of the industry it belongs to and the 17% rise of the Zacks S&P 500 Composite. WEX Inc. Price and EPS Surprise WEX Inc. price-eps-surprise | WEX Inc. Quote Segmental Revenues The Mobility segment's revenues declined 1% from the year-ago quarter to $339 million and missed our estimate of $363.9 million. The Corporate Payments segment's revenues were $122.5 million, up 17% from first-quarter 2023. The same surpassed our estimate of $110.2 million. It is likely to have been driven by the rise in p
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WEX
News
- Is WEX (WEX) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- WEX Reaches Agreement with Shell for Portfolio of Commercial Fleet Fuel Cards in North AmericaBusiness Wire
- WEX to Present at Upcoming Investor ConferencesBusiness Wire
- WEX or V: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- WEX Inc. (NYSE:WEX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WEX
Earnings
- 4/25/24 - Beat
WEX
Sec Filings
- 5/15/24 - Form 8-K
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- WEX's page on the SEC website