Payment solutions provider WEX is set to report earnings this Wednesday afternoon. Analysts expect revenue to grow 12.1% year on year, a reversal from the 2.1% decline in the same quarter last year. The company met revenue expectations last quarter with $673.8 million, up 5.8% year on year, and delivered a strong beat on EBITDA estimates. WEX has missed Wall Street revenue estimates multiple times over the past two years, though analyst estimates have been largely reconfirmed in the last 30 days. Shares of WEX have risen 25.8% over the past month, outpacing the 6.2% average gain for financial services stocks.
Wex IncEarnings report expected; revenue growth forecast but past misses and recent stock rally create mixed outlook.