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WEX Inc (WEX)
:WEX
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.56Last Year’s EPS
3.82Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -14.80%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted some positive aspects such as revenue and EPS growth, significant share repurchases, and strong performance in the Benefits segment. However, these were offset by challenges in the Mobility segment due to macroeconomic factors, a decline in the Corporate Payments segment, and a downward revision in guidance for the full year.Company Guidance
During the WEX Q3 2024 earnings call, several key financial metrics and guidance were discussed. Revenue for the quarter was reported at $665 million, marking a 2% year-over-year increase. Adjusted net income per diluted share was $4.35, reflecting a 7% growth. The Mobility segment showed underlying revenue growth of 8% compared to the previous year, excluding the impact of lower fuel prices and foreign exchange rates. However, the company revised its full-year 2024 outlook due to macroeconomic challenges, including a substantial decline in fuel prices and softness in same-store sales, which impacted the Mobility segment. The company also highlighted its $544 million expenditure on share repurchases through the third quarter, demonstrating a disciplined capital allocation strategy. Looking forward to Q4, WEX expects revenue between $630 million and $640 million and adjusted net income per share between $3.51 and $3.61, resulting in a revised full-year revenue guidance range of $2.62 billion to $2.63 billion.Revenue and EPS Growth
For the third quarter, revenue was $665 million, a 2% increase compared to the same period last year, and adjusted net income per diluted share was $4.35, a 7% increase compared to the prior year quarter.
Share Repurchase Program
WEX spent $544 million on share repurchases through the end of the third quarter, reducing outstanding shares by 12% since Q1 2022, and the board increased the share repurchase program authorization by $1 billion.
Mobility Segment Growth
The Mobility segment delivered underlying revenue growth of 8% compared to last year, excluding the impact of lower fuel prices and foreign exchange rates.
Benefits Segment Performance
Benefits segment revenue increased by 9% over the prior year, with segment purchase volume increasing by 9.6% compared to the prior year quarter.
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WEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $213.04 | $181.13 | -14.98% |
| Jul 25, 2024 | $178.79 | $172.13 | -3.73% |
| Apr 25, 2024 | $233.31 | $215.03 | -7.84% |
| Feb 08, 2024 | $202.38 | $207.03 | +2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does WEX Inc (WEX) report earnings?
WEX Inc (WEX) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is WEX Inc (WEX) earnings time?
WEX Inc (WEX) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WEX EPS forecast?
WEX EPS forecast for the fiscal quarter 2024 (Q4) is 3.56.
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