WEXNYSE: WEX

WEX's third-quarter 2024 top line gains from the Mobility and Benefit segments.

Gas prices unexpectedly came down, and that's hurting revenue.

Wex (WEX) came out with quarterly earnings of $4.35 per share, missing the Zacks Consensus Estimate of $4.42 per share. This compares to earnings of $4.05 per share a year ago.

The contemporary operating landscape is increasingly defined by both resilience and vulnerability. These two themes were central to WEX Inc.'s third-quarter 2024 earnings call on Thursday (Oct. 24).

Although the revenue and EPS for Wex (WEX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

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PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced the general availability release of 10-4 by WEX, a free mobile app that provides independent truckers and small trucking companies in the U.S. with fuel discounts typically reserved for larger trucking enterprises. This increases WEX's total addressable market in its Mobility segment by expanding its diesel product offerings to sole proprietors and.

WEX has strong market leadership, diversified revenue streams and growth opportunities in global markets.

WEX shares are nearly flat this year, as the company faces a tough economic backdrop. However, the outlook beyond the near-term headwinds suggests potential for double-digit earnings growth. Valuation appears compelling for this high-quality business, given its strong track record of profitable growth.