Recap: WEX Q3 Earnings

WEX WEX reported its Q3 earnings results on Thursday, October 28, 2021 at 06:30 AM.

Here's what investors need to know about the announcement.

WEX beat their estimated earnings by 7.93%, reporting an EPS of $2.45 versus an estimate of $2.27, which did not surprise analysts.

Revenue was up $100,648,000 from the same period last year.

Last quarter the company beat on EPS by $0.36, which was followed by a 2.51% drop in the share price the next day.

Here's a look at WEX's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	1.95	1.65	1.46	1.73
EPS Actual	2.31	1.79	1.45	1.59
Revenue Estimate	436.07M	411.81M	384.57M	394.63M
Revenue Actual	459.48M	410.76M	398.99M	382.12M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

WEX management provided guidance for their next quarter, expecting earnings between $2.15 and $2.35 per share for the nextquarter.

This represents a -8.16% in quarter-over-quarter growth for WEX, a bearish signal to many investors.

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