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WEX earnings: what to look for from WEX

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WEX Cover Image

Payment solutions provider WEX (NYSE: WEX) will be announcing earnings results this Wednesday after the bell. Here’s what to expect.

WEX beat analysts’ revenue expectations last quarter, reporting revenues of $753.5 million, up 14.2% year on year. It was a strong quarter for the company, with full-year EPS guidance beating analysts’ expectations and a solid beat of analysts’ EBITDA estimates.

Is WEX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting WEX’s revenue to grow 8.9% year on year, improving from the 4% increase it recorded in the same quarter last year.

WEX total revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. WEX has missed Wall Street’s revenue estimates multiple times over the last two years.

With WEX being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for financial services stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. WEX is up 8.5% during the same time .

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