Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
WEX enjoys a dominant market position, backed by diverse revenue sources and promising growth prospects across international markets.
Management lowered its long-term revenue growth target to 5%-10% from 8%-12%, while aiming to grow earnings per share by 10%-15%. Shares are currently trading at just over 10 times earnings, representing a large discount to relevant peers. With the tender offer now having expired, and given its high debt load, there may be more downward pressure on the share price.
WEX has a strong market leadership, diversified revenue streams and growth opportunities in global markets.
Wex (WEX) reported earnings 30 days ago. What's next for the stock?
WEX's fourth-quarter 2024 earnings and revenues decline year over year.
WEX Inc. (NYSE:WEX ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Steve Elder - Senior Vice President, Investor Relations Melissa Smith - Chair & Chief Executive Officer Jagtar Narula - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Dan Dolev - Mizuho Dave Koning - Baird Andrew Jeffrey - William Blair John Davis - Raymond James Ramsey El-Assal - Barclays Tien-Tsin Huang - JPMorgan Andrew Bauch - Wells Fargo Daniel Krebs - Wolfe Research Operator Hello, and welcome to the WEX Fourth Quarter and Full Year 2024 Earnings Call. All lines have been placed on mute to prevent any background noise.
Although the revenue and EPS for Wex (WEX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Wex (WEX) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $3.82 per share a year ago.
Wex (WEX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares have sold off following the company's weak Q3 results and guidance. Lower fuel prices and weaker spending by its commercial customers have contributed to softer revenue growth. Earnings per share growth in FY25 should benefit from modest revenue growth on a stable expense base, along with a much lower share count.