WEX Inc reports results for the quarter ended March 31 - Earnings Summary

• WEX Inc WEX.N reported quarterly adjusted earnings of $3.51​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $3.46. The mean expectation of fifteen analysts for the quarter was for earnings of $3.46 per share. Wall Street expected results to range from $3.20 to $3.88 per share.

• Revenue fell 2.5% to $636.60 million from a year ago; analysts expected $632.64 million.

• WEX Inc's reported EPS for the quarter was $1.81​.

• The company reported quarterly net income of $71.5 million.

• WEX Inc shares had fallen by 16.1% this quarter and lost 24.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "hold"

• Wall Street's median 12-month price target for WEX Inc is $163.00

This summary was machine generated from LSEG data May 1 at 12:52 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)