WEX Q2 2024 Adj EPS $3.91 Beats $3.80 Estimate, Sales $673.500M Miss $679.819M Estimate
Portfolio Pulse from Benzinga Newsdesk
WEX (NYSE:WEX) reported Q2 2024 adjusted EPS of $3.91, beating the estimate of $3.80, but sales of $673.5M missed the $679.819M estimate. EPS increased by 7.71% YoY, while sales grew by 8.40% YoY.
July 25, 2024 | 10:34 am
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WEX reported Q2 2024 adjusted EPS of $3.91, beating the estimate of $3.80, but sales of $673.5M missed the $679.819M estimate. EPS increased by 7.71% YoY, while sales grew by 8.40% YoY.
The positive EPS surprise and YoY growth in both EPS and sales are likely to have a positive short-term impact on WEX's stock price, despite the slight miss in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100