WEX Stock Price Decreases 5% Post Q3 Earnings & Revenues Miss [Yahoo! Finance]
WEX Inc. common stock (WEX)
NASDAQ:AMEX Investor Relations:
wexinc.com/payment-solutions/virtual-payments
Company Research
Source: Yahoo! Finance
See Zacks Earnings Calendar to stay ahead of market-making news. The stock declined 4.7% since the release of results on Oct. 24 due to earnings and revenues miss, and a weak guidance. For the fourth quarter of 2024, the company lowered its revenue guidance to $630-$640 million from the $688-$698 million provided in the preceding quarter. The mid-point ($635 million) of WEX's revised guidance range is higher than the Zacks Consensus Estimate of $633.8 million. The company reduced its adjusted diluted earnings per share view to $3.51-$3.61 from the $4.42-$4.52 given in the preceding quarter. The revised guidance range is lower than the consensus estimate for earnings of $3.66 per share. For 2024, the company lowered its revenue guidance to $2.62-$2.63 billion from $2.68-$2.72 billion given in the previous quarter. The guided range is lower than the Zacks Consensus Estimate for revenues of $2.64 billion. WEX lowered adjusted diluted earnings per share to $15.21-$15.31 from th
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WEX
News
- WEX and Holman Expand Partnership Across U.S. and CanadaBusiness Wire
- WEX Inc. (NYSE: WEX) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
- WEX Inc. (NYSE: WEX) had its price target lowered by analysts at Robert W. Baird from $285.00 to $230.00. They now have an "outperform" rating on the stock.MarketBeat
- WEX Inc. (NYSE: WEX) had its price target lowered by analysts at Wells Fargo & Company from $200.00 to $180.00. They now have an "equal weight" rating on the stock.MarketBeat
- Wex (WEX) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WEX
Earnings
- 10/24/24 - Beat
WEX
Sec Filings
- 11/8/24 - Form SC
- 10/24/24 - Form 10-Q
- 10/24/24 - Form 8-K
- WEX's page on the SEC website