WEX Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
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Wolfe Research Downgrades WEX Inc. (WEX) to Peerperform
February 25, 2021 6:02 AM ESTWolfe Research analyst Darrin Peller downgraded WEX Inc. (NYSE: WEX) from Outperform to Peerperform with a price target of $240.00.
The analyst comments "We are downgrading shares of WEX from Outperform to relative Peer Perform. While shares have outperformed since our upgrade (+17% vs the... More
Wex, Inc. (WEX) Misses Q4 EPS by 1c, Revenues Beat
February 24, 2021 6:32 AM ESTWex, Inc. (NYSE: WEX) reported Q4 EPS of $1.45, $0.01 worse than the analyst estimate of $1.46. Revenue for the quarter came in at $399 million versus the consensus estimate of $384.57 million.
Fourth Quarter 2020 Performance Metrics
Average number of vehicles serviced was 15.8 million, an increase of 6% from the fourth quarter of 2019.Total fuel transactions processed decreased 5% from the fourth quarter of 2019 to 147.7 million.Payment processing transactions decreased 7% to 118.3 million.U.S. retail fuel price decreased to $2.26 per gallon from $2.80 per gallon in the fourth quarter of 2019.Travel and Corporate Solutions' purchase volume... More