WEX Expects Q4 Revenue Of $630M - $640M (Est $674.49M) And Adjusted EPS Of $3.51 - $3.61 (Est $4.28)
Portfolio Pulse from Benzinga Newsdesk
WEX Inc. has announced its Q4 revenue expectations to be between $630 million and $640 million, which is below the estimated $674.49 million. The company also expects adjusted EPS to be between $3.51 and $3.61, lower than the estimated $4.28.
October 24, 2024 | 10:35 am
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WEX Inc. has provided Q4 revenue guidance of $630M-$640M, which is below analyst expectations of $674.49M. The adjusted EPS guidance of $3.51-$3.61 also falls short of the estimated $4.28.
The lower-than-expected revenue and EPS guidance suggests potential challenges for WEX, likely leading to a negative short-term impact on its stock price as investors react to the missed estimates.
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