Wex, Inc. (WEX) Tops Q1 EPS by 1c

Wex, Inc. (NYSE: WEX) reported Q1 EPS of $1.23, $0.01 better than the analyst estimate of $1.22. Revenue for the quarter came in at $291.4 million versus the consensus estimate of $281.36 million.

Financial Guidance and Assumptions

The Company provides revenue guidance on a GAAP basis and earnings guidance on a non-GAAPbasis, due to the uncertainty and indeterminate amount of certain elements that are included in reported GAAP earnings.

• For the full year 2017, the Company expects revenue in the range of $1.165 billion to $1.205 billion and adjusted net income in the range of $221 million to $237 million, or $5.15 to $5.50 per diluted share.
• For the second quarter of 2017, WEX expects revenue in the range of $286 million to $296 million and adjusted net income in the range of $51 million to $54 million, or $1.19 to $1.26 per diluted share.

GUIDANCE:

Wex, Inc. sees FY2017 EPS of $5.15-$5.50, versus the consensus of $5.33. Wex, Inc. sees FY2017 revenue of $1.165-1.205 billion, versus the consensus of $1.19 billion.

For earnings history and earnings-related data on Wex, Inc. (WEX) click here.

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