WEX Q2 Adj EPS $3.63 Beats $3.51 Estimate, Sales $621.30M Inline
Portfolio Pulse from Benzinga Newsdesk
WEX reported Q2 adjusted earnings of $3.63 per share, beating the analyst consensus estimate of $3.51 by 3.42%. However, this is a 2.16% decrease from the same period last year. The company's quarterly sales of $621.30 million met the analyst consensus estimate, marking a 3.86% increase from the same period last year.
July 27, 2023 | 10:31 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
WEX's Q2 earnings beat estimates but decreased YoY. Sales met estimates and increased YoY.
WEX's earnings beat estimates, which is positive. However, the YoY decrease in earnings could be a concern for investors. Sales meeting estimates and increasing YoY is a positive sign. Overall, the impact on the stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100