WEX Inc reports results for the quarter ended in March - Earnings Summary

• WEX Inc WEX reported quarterly adjusted earnings of $3.46​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $3.31. The mean expectation of fifteen analysts for the quarter was for earnings of $3.48 per share. Wall Street expected results to range from $3.40 to $3.54 per share.

• Revenue rose 6.7% to $652.70 million from a year ago; analysts expected $654.70 million.

• WEX Inc's reported EPS for the quarter was $1.55​.

• The company reported quarterly net income of $65.8 million.

• WEX Inc shares had fallen by 1.8% this quarter and gained 19.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for WEX Inc is $268.50

This summary was machine generated from LSEG data April 25 at 05:34 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)