WEX Q3 2024 Adj EPS $4.35 Misses $4.42 Estimate, Sales $665.50M Miss $687.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
WEX reported Q3 2024 earnings per share of $4.35, missing the analyst estimate of $4.42. Sales were $665.50 million, below the expected $687.61 million. Despite missing estimates, both EPS and sales showed year-over-year growth.
October 24, 2024 | 10:31 am
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NEGATIVE IMPACT
WEX's Q3 2024 earnings and sales missed analyst estimates, with EPS at $4.35 and sales at $665.50M. Despite the miss, both figures showed year-over-year growth.
WEX's earnings and sales both missed analyst expectations, which is typically viewed negatively by the market, potentially leading to a short-term decline in stock price. However, the year-over-year growth in both metrics may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100