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WEX (WEX)
NYSE:WEX
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.37Last Year’s EPS
3.46Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -17.20%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with record annual revenues and strong cash flow but challenges in the Corporate Payments segment and a cautious outlook with updated growth targets. While there are positive elements like growth in the Benefits segment and promising developments in direct AP, the overall sentiment is tempered by significant challenges and headwinds.Company Guidance
During the WEX Fourth Quarter and Full Year 2024 Earnings Call, several key financial metrics and guidance were highlighted. For the fiscal year, WEX reported a record high revenue of $2.6 billion, reflecting a 3% increase year-over-year, despite a 3% headwind from fuel prices and foreign exchange rates. Adjusted net income per share also grew by 3% year-over-year. Excluding these external factors, revenue growth was 6%, and adjusted net income per share grew by 11%. For the fourth quarter, revenue was $637 million, a 4% decrease from the previous year, with adjusted net income per diluted share at $3.57, marking a 6.5% decline. Adjusted EPS, excluding external factors, grew by 5%. Looking forward, WEX adjusted its long-term organic revenue growth target to a range of 5% to 10% and its adjusted earnings per share target to 10% to 15%, citing updated market insights.Record-Breaking Annual Revenue
WEX achieved a record high revenue of $2.6 billion for the fiscal year, marking a 3% growth compared to the previous year despite a 3% headwind from fuel prices and foreign exchange rates.
Strong Cash Flow and Margins
The company reported strong cash flow and exceptional margins, maintaining a leverage ratio of 2.6 times, which is at the low end of their long-term range of 2.5 to 3.5 times.
Positive Growth in Benefits Segment
The Benefits segment experienced a 4.9% increase in total revenues year-over-year, with custodial investment revenue rising by 17.9%.
Promising Direct AP Growth
Direct purchase volume, including AP automation solutions, grew more than 25% from Q4 2023 to Q4 2024.
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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 |
|---|---|---|---|
| Feb 05, 2025 | $186.78 | $151.93 | -18.66% |
| 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% |
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 (WEX) report earnings?
WEX (WEX) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is WEX (WEX) earnings time?
WEX (WEX) earnings time is at Apr 24, 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 2025 (Q1) is 3.37.
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