Exploring WEX's Earnings Expectations

WEX (NYSE:WEX) will release its quarterly earnings report on Thursday, 2024-10-24. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate WEX to report an earnings per share (EPS) of $4.47.

Anticipation surrounds WEX's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

Last quarter the company beat EPS by $0.11, which was followed by a 4.83% increase in the share price the next day.

Here's a look at WEX's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.80

3.48

3.70

3.76

EPS Actual

3.91

3.46

3.82

4.05

Price Change %

5.0%

1.0%

2.0%

-2.0%

Performance of WEX Shares

Shares of WEX were trading at $211.33 as of October 22. Over the last 52-week period, shares are up 28.33%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions on WEX

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on WEX.

Analysts have provided WEX with 5 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $211.0, suggesting a potential 0.16% downside.

Comparing Ratings with Peers

The following analysis focuses on the analyst ratings and average 1-year price targets of Shift4 ...