We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wex (WEX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Wex (WEX - Free Report) reported $665.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.2%. EPS of $4.35 for the same period compares to $4.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $688.5 million, representing a surprise of -3.34%. The company delivered an EPS surprise of -1.58%, with the consensus EPS estimate being $4.42.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Corporate Payments - Purchase volume: $23.39 billion versus $27.93 billion estimated by four analysts on average.
Corporate Payments - Net interchange rate: 0.5% compared to the 0.4% average estimate based on four analysts.
Benefits - Purchase volume: $1.65 billion compared to the $1.67 billion average estimate based on four analysts.
Mobility - Payment processing transactions: 146.5 million versus 149.49 million estimated by four analysts on average.
Revenues- Corporate Payments: $126.90 million versus the five-analyst average estimate of $138.76 million. The reported number represents a year-over-year change of -6.1%.
Revenues- Benefits: $181.50 million compared to the $185.54 million average estimate based on five analysts. The reported number represents a change of +9.3% year over year.
Revenues- Mobility: $357.20 million versus $368.39 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Revenues- Corporate Payments- Payment processing: $104.80 million versus the four-analyst average estimate of $115.86 million. The reported number represents a year-over-year change of -9.5%.
Revenues- Payment processing: $309.90 million compared to the $318.18 million average estimate based on three analysts. The reported number represents a change of -1.1% year over year.
Revenues- Finance fees: $70.50 million versus the three-analyst average estimate of $79.75 million. The reported number represents a year-over-year change of -8.6%.
Revenues- Account servicing: $174.60 million versus the three-analyst average estimate of $175.35 million. The reported number represents a year-over-year change of +8.1%.
Revenues- Mobility- Payment processing: $183.20 million versus $182.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
Shares of Wex have returned +4.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wex (WEX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Wex (WEX - Free Report) reported $665.5 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.2%. EPS of $4.35 for the same period compares to $4.05 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $688.5 million, representing a surprise of -3.34%. The company delivered an EPS surprise of -1.58%, with the consensus EPS estimate being $4.42.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wex performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Corporate Payments - Purchase volume: $23.39 billion versus $27.93 billion estimated by four analysts on average.
- Corporate Payments - Net interchange rate: 0.5% compared to the 0.4% average estimate based on four analysts.
- Benefits - Purchase volume: $1.65 billion compared to the $1.67 billion average estimate based on four analysts.
- Mobility - Payment processing transactions: 146.5 million versus 149.49 million estimated by four analysts on average.
- Revenues- Corporate Payments: $126.90 million versus the five-analyst average estimate of $138.76 million. The reported number represents a year-over-year change of -6.1%.
- Revenues- Benefits: $181.50 million compared to the $185.54 million average estimate based on five analysts. The reported number represents a change of +9.3% year over year.
- Revenues- Mobility: $357.20 million versus $368.39 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
- Revenues- Corporate Payments- Payment processing: $104.80 million versus the four-analyst average estimate of $115.86 million. The reported number represents a year-over-year change of -9.5%.
- Revenues- Payment processing: $309.90 million compared to the $318.18 million average estimate based on three analysts. The reported number represents a change of -1.1% year over year.
- Revenues- Finance fees: $70.50 million versus the three-analyst average estimate of $79.75 million. The reported number represents a year-over-year change of -8.6%.
- Revenues- Account servicing: $174.60 million versus the three-analyst average estimate of $175.35 million. The reported number represents a year-over-year change of +8.1%.
- Revenues- Mobility- Payment processing: $183.20 million versus $182.71 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
View all Key Company Metrics for Wex here>>>Shares of Wex have returned +4.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.