WEX Expects Q2 Revenue Of $675M-$685M (Est $678.959M) And Adjusted EPS Of $3.75-$3.85 (Est $3.98)
Portfolio Pulse from Benzinga Newsdesk
WEX Inc. forecasts its Q2 revenue to be between $675M-$685M, slightly below the estimated $678.959M by analysts. The company also projects its adjusted EPS to be in the range of $3.75-$3.85, which is below the estimated $3.98 by analysts.
April 25, 2024 | 10:35 am
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WEX Inc. anticipates Q2 revenue and adjusted EPS to be slightly below analyst expectations, indicating potential short-term pressure on its stock price.
WEX Inc.'s projection of both revenue and adjusted EPS below analyst estimates could lead to negative investor sentiment in the short term, potentially causing a decrease in its stock price. The deviation from expected financial metrics often results in short-term trading volatility.
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