WEX 2024 Outlook: It Expects Revenue Of $2.70B-$2.74B Vs. $2.73B Consensus; And Adjusted EPS Of $15.90 To $16.40 Vs. $16.26 Consensus
Portfolio Pulse from Benzinga Newsdesk
WEX Inc. projects its 2024 revenue to be between $2.70B-$2.74B, aligning closely with the $2.73B consensus. Adjusted EPS is forecasted at $15.90-$16.40, slightly below the $16.26 consensus. Assumptions include average U.S. retail fuel prices of $3.50-$3.55/gallon, increased financing interest expense, and an adjusted net income effective tax rate of 25%. Approximately 42.7 million fully diluted shares are expected to be outstanding.
February 08, 2024 | 11:41 am
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WEX Inc. expects 2024 revenue of $2.70B-$2.74B and adjusted EPS of $15.90-$16.40, with assumptions including fuel prices and financing costs impacting its guidance.
WEX's 2024 revenue and EPS guidance closely aligns with consensus estimates, indicating a stable outlook. However, the slight underperformance in EPS guidance compared to consensus may cause cautious investor sentiment. The detailed assumptions, including fuel prices and financing costs, provide transparency but also highlight potential risks to profitability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100