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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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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