WEX Raises FY24 Revenue Outlook From $2.70B-$2.74B To $2.73B-$2.77B (Est $2.735B), Adjusted EPS From $15.90-$16.40 To $16.10-$16.60 (Est $16.25)
Portfolio Pulse from Benzinga Newsdesk
WEX has increased its FY24 revenue outlook from $2.70B-$2.74B to $2.73B-$2.77B, surpassing the estimated $2.735B. Additionally, the adjusted EPS forecast has been raised from $15.90-$16.40 to $16.10-$16.60, aligning with the estimated $16.25.
April 25, 2024 | 10:37 am
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POSITIVE IMPACT
WEX has raised its FY24 revenue and adjusted EPS forecasts, indicating a positive outlook and potentially higher future earnings.
WEX's upward revision of both revenue and EPS forecasts for FY24 suggests confidence in its business growth and operational efficiency. This positive adjustment is likely to be well-received by investors, potentially leading to an increase in stock price in the short term as it exceeds analyst expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100