WEX Inc. (NYSE:WEX) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, WEX to report 3Q20 income of $ 1.71 per share.
For the full year, analysts anticipate top line of $ 1576.36 million, while looking forward to income of $ 6.60 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,860.00 million ~ $ 1,900.00 million, where as bottomline are predicted in a range of $ 10.15 ~ $ 10.55 per share
Click Here For More Historical Outlooks Of WEX Inc.
Previous Quarter Performance
WEX Inc. posted income for the second quarter of $ 1.21 per share, from the revenue of $ 347.08 million. The quarterly earnings down 46.93 percent while revenues reduced 21.44 percent compared with the same quarter last year.
Street analysts expected WEX Inc. to report income of $ 1.38 per share on revenue of $ 347.65 million for the second quarter. The bottom line results missed street analysts by $ 0.17 or 12.32 percent, at the same time, top line results fell short of analysts by $ 0.57 million or 0.16 percent.
Stock Performance
Shares of WEX Inc. traded low $ -4.67 or -3.38 percent on Wednesday, reaching $ 133.58 with volume of 744.40 thousand shares. WEX Inc. has traded high as $ 136.38 and has cracked $ 131.30 on the downward trend
According to the previous trading day, closing price of $ 133.58, representing a 94.39 % increase from the 52 week low of $ 71.12 and a 41.55 % decrease over the 52 week high of $ 236.52.
The company has a market capital of $ 6.02 billion and is part of the Industrials sector and Business Services industry.
Conference Call
WEX Inc. will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wexinc.com
WEX Inc. provides corporate card payment solutions in North and South America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions.
