WEX Raises FY23 Revenue Outlook To $2.53B-$2.54B Vs. Estimate Of $2.52B (Prior Guidance: $2.50B-$2.52B); Expects FY23 Adjusted EPS Of $14.64-$14.74 Vs. Estimate Of $14.4 (Prior Guidance: $14.15-$14.35)
Portfolio Pulse from Benzinga Newsdesk
WEX has raised its FY23 revenue outlook to $2.53B-$2.54B, up from the prior guidance of $2.50B-$2.52B, and above the estimate of $2.52B. The company also expects FY23 adjusted EPS of $14.64-$14.74, higher than the estimate of $14.4 and previous guidance of $14.15-$14.35.
October 26, 2023 | 10:42 am
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POSITIVE IMPACT
WEX has raised its FY23 revenue and EPS outlook, both surpassing previous estimates. This positive financial outlook could potentially lead to a short-term increase in the company's stock price.
WEX's raised revenue and EPS outlook for FY23, which are both higher than previous estimates, indicate a strong financial performance. This positive news is likely to be well received by investors, potentially leading to increased demand for the company's stock and a short-term increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100