Wex Inc. (WEX) reported quarterly earnings of $3.63 per share for Q2 2023, exceeding the Zacks Consensus Estimate of $3.51. This shows a slight decline from $3.71 per share a year prior. The company’s revenues totaled $621.3 million, surpassing the consensus estimate by 0.11% and reflecting an increase from $598.24 million in the previous year.
The results represent an earnings surprise of 3.42%. Over the past year, WEX has consistently surpassed consensus EPS estimates, achieving this milestone in each of the last four quarters. Year-to-date, WEX shares have gained 20.3%, outperforming the S&P 500’s increase of 18.9%.
Looking ahead, the consensus EPS estimate for the next quarter is $3.69, with anticipated revenues of $632.25 million. For the current fiscal year, estimates suggest earnings of $14.04 on revenues of $2.49 billion.
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