Wex Inc (WEX) Earnings: Q4 Revenue Matches Estimates with Adjusted EPS Slightly Lower

Wex Inc on Smartkarma

Analysts at Baptista Research have covered Wex Inc. on Smartkarma, a platform where independent experts share insights on companies. In their report “WEX Inc.: Here Are 7 Key Factors That Will Shape Its Performance In 2025 & Beyond! – Major Drivers“, the analysts discussed Wex Inc.’s financial results for the third quarter of 2024. The company saw a 2% increase in total revenue year-over-year, reaching $665 million, with adjusted net income per diluted share rising by 7% to $4.35. However, challenges within the Mobility segment, influenced by factors like declining fuel prices and operational issues, impacted the company’s performance, falling short of internal expectations.

In another report titled “WEX Inc.: Initiation Of Coverage – A Focused Approach on Electric Vehicle Market Integration & Other Major Drivers“, Baptista Research highlighted Wex Inc.’s Q2 2024 results. The company achieved a record quarterly revenue of $673 million, an 8% increase compared to the previous year. Despite facing challenges, Wex Inc. showed growth across all three segments, reflecting a mix of obstacles and successes in their performance and outlooks. Adjusted net income per diluted share stood at $3.91, marking an 8% climb from the previous year.

A look at Wex Inc Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wex Inc, a company providing payment processing and information management services to the commercial and government vehicle fleet industry, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a strong score of 5 for Growth, Wex Inc is positioned for significant expansion and development in the future. Additionally, the company’s high Resilience score of 4 indicates its ability to withstand challenges and maintain stability in various market conditions.

Although Wex Inc receives a lower score of 1 for Dividend, reflecting its dividend performance, its overall outlook remains positive due to its competitive values in the market (Value score of 3) and stable Momentum (score of 3). Investors looking for a growth-oriented company with a solid foundation may find Wex Inc an attractive long-term investment option.

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