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WEX (WEX) To Report Earnings Tomorrow: Here Is What To Expect

WEX Cover Image

Payment solutions provider WEX (NYSE: WEX) will be reporting earnings this Wednesday after market hours. Here’s what you need to know.

WEX beat analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $691.8 million, up 4% year on year. It was a satisfactory quarter for the company, with .

Is WEX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting WEX’s revenue to grow 4.5% year on year to $664.9 million, a reversal from the 4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.93 per share.

WEX Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. WEX has missed Wall Street’s revenue estimates three times over the last two years.

Looking at WEX’s peers in the financial services segment, only Capital Southwest has reported results so far. It beat analysts’ revenue estimates by 5.3%, delivering year-on-year sales growth of 18.2%.

Read our full analysis of Capital Southwest’s earnings results here.

Investors in the financial services segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. WEX’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $173.60 (compared to the current share price of $153.15).

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