WEX Expects Q4 Revenue Of $650M-$660M Vs. 643.77M Estimate; Projects Q4 Adjusted EPS Of $3.65-$3.75 Vs. $3.7 Estimate
Portfolio Pulse from Benzinga Newsdesk
WEX Inc. has projected its Q4 revenue to be between $650M and $660M, which is higher than the estimated $643.77M. The company also expects its Q4 adjusted EPS to be between $3.65 and $3.75, slightly above the $3.7 estimate.
October 26, 2023 | 10:45 am
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POSITIVE IMPACT
WEX Inc.'s Q4 revenue and adjusted EPS projections are higher than estimates, which could positively impact its stock price.
Companies that report earnings or provide forecasts that beat estimates often see a positive reaction in their stock price. WEX's higher than expected Q4 revenue and adjusted EPS projections could therefore lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100