We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WEX (WEX) to Report Third-Quarter Earnings: What's in Store?
Read MoreHide Full Article
WEX Inc. (WEX - Free Report) will report third-quarter 2020 results on Oct 30, before the bell.
The company’s earnings surprise history hasn’t been impressive. It delivered a negative earnings surprise of -6.4% in the last four quarters, on average.
Q3 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $394.3 million, indicating a decline of 14.3% from the year-ago reported figure. Weak volumes across Fleet Solutions, and Travel and Corporate Solutions segments due to restrictions on travel and business are likely to have weighed on the top line.
The consensus estimate for Fleet Solutions segment’s revenues stands at $236 million, indicating a year-over-year decline of 15%. For Travel and Corporate Solutions’ revenues, the consensus mark is pegged at $66 million, reflecting a year-over-year decline of 33.3%. In the second quarter of 2020, WEX’s revenues declined 21.4% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.77, indicating a decline of 31.6% from the year-ago reported figure. In the second quarter of 2020, WEX’s adjusted EPS declined 46.9% year over year
What Our Model Says
Our proven model predicts an earnings beat for WEXthis time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
WEXhas an Earnings ESP of +1.78% and a Zacks Rank #3.
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings his season.
Republic Services (RSG - Free Report) has an Earnings ESP of +1.93% and a Zacks Rank #3.
Waste Connections (WCN - Free Report) has an Earnings ESP of +0.32% and a Zacks Rank #3.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
WEX (WEX) to Report Third-Quarter Earnings: What's in Store?
WEX Inc. (WEX - Free Report) will report third-quarter 2020 results on Oct 30, before the bell.
The company’s earnings surprise history hasn’t been impressive. It delivered a negative earnings surprise of -6.4% in the last four quarters, on average.
Q3 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $394.3 million, indicating a decline of 14.3% from the year-ago reported figure. Weak volumes across Fleet Solutions, and Travel and Corporate Solutions segments due to restrictions on travel and business are likely to have weighed on the top line.
The consensus estimate for Fleet Solutions segment’s revenues stands at $236 million, indicating a year-over-year decline of 15%. For Travel and Corporate Solutions’ revenues, the consensus mark is pegged at $66 million, reflecting a year-over-year decline of 33.3%. In the second quarter of 2020, WEX’s revenues declined 21.4% year over year.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter is pegged at $1.77, indicating a decline of 31.6% from the year-ago reported figure. In the second quarter of 2020, WEX’s adjusted EPS declined 46.9% year over year
What Our Model Says
Our proven model predicts an earnings beat for WEXthis time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
WEXhas an Earnings ESP of +1.78% and a Zacks Rank #3.
WEX Inc. Price and EPS Surprise
WEX Inc. price-eps-surprise | WEX Inc. Quote
Other Stocks That Warrant a Look
Here are a few other stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these too have the right combination of elements to beat on earnings his season.
Aptiv (APTV - Free Report) has an Earnings ESP of +13.04% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Republic Services (RSG - Free Report) has an Earnings ESP of +1.93% and a Zacks Rank #3.
Waste Connections (WCN - Free Report) has an Earnings ESP of +0.32% and a Zacks Rank #3.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>