WEX Stock Recent News

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WEX Inc. is well-positioned in its target markets and has a strong track record of revenue and earnings growth. The company's recent acquisition of Payzer and its diversification strategy are expected to drive future growth. WEX's scale, distribution model, and customer relationships give it a competitive edge in the market.

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Wex (WEX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Wex (WEX) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

While the top- and bottom-line numbers for Wex (WEX) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Wex (WEX) came out with quarterly earnings of $4.05 per share, beating the Zacks Consensus Estimate of $3.77 per share. This compares to earnings of $3.51 per share a year ago.

Wex has achieved consistent revenue growth by growing its mobility, benefits, and corporate payments business segments. The company's CEO, Melissa Smith, has played a key role in transforming Wex and diversifying its operations. Wex has a history of positive earnings surprises and continues to grow its core business through new customer wins and expanding relationships.

PORTLAND, Maine--(BUSINESS WIRE)--WEX Inc. (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced it will report third quarter 2023 financial results before the market opens on Thursday, October 26, 2023. From WEX, Melissa Smith, Chair and Chief Executive Officer, and Jagtar Narula, Chief Financial Officer, will host a conference call that morning at 10:00 AM ET to discuss the Company's results. The conference call will be webcast live onli.