WEX Future Growth

Future criteria checks 4/6

WEX is forecast to grow earnings and revenue by 30.5% and 7.4% per annum respectively. EPS is expected to grow by 29.9% per annum. Return on equity is forecast to be 32% in 3 years.

Key information

30.5%

Earnings growth rate

29.9%

EPS growth rate

Diversified Financial earnings growth	15.8%
Revenue growth rate	7.4%
Future return on equity	32.0%
Analyst coverage	Good
Last updated	26 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:WEX - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,187	643	873	406	6
12/31/2025	2,950	514	763	558	14
12/31/2024	2,747	398	658	N/A	14
3/31/2024	2,589	264	581	728	N/A
12/31/2023	2,548	267	760	908	N/A
9/30/2023	2,503	270	575	719	N/A
6/30/2023	2,468	242	960	1,100	N/A
3/31/2023	2,445	147	740	868	N/A
12/31/2022	2,351	201	563	679	N/A
9/30/2022	2,229	101	-35	74	N/A
6/30/2022	2,096	193	-337	-242	N/A
3/31/2022	1,957	125	115	207	N/A
12/31/2021	1,851	0	-129	-43	N/A
9/30/2021	1,745	-222	-4	72	N/A
6/30/2021	1,645	-336	-67	9	N/A
3/31/2021	1,532	-230	221	300	N/A
12/31/2020	1,553	-244	656	737	N/A
9/30/2020	1,597	45	1,149	1,232	N/A
6/30/2020	1,670	125	1,214	1,310	N/A
3/31/2020	1,761	67	838	933	N/A
12/31/2019	1,708	99	560	663	N/A
9/30/2019	1,653	66	305	418	N/A
6/30/2019	1,584	108	446	546	N/A
3/31/2019	1,517	132	282	383	N/A
12/31/2018	1,493	168	313	400	N/A
9/30/2018	1,441	227	291	368	N/A
6/30/2018	1,378	204	84	161	N/A
3/31/2018	1,311	183	212	284	N/A
12/31/2017	1,249	160	N/A	135	N/A
9/30/2017	1,210	86	N/A	-115	N/A
6/30/2017	1,174	71	N/A	-186	N/A
3/31/2017	1,104	67	N/A	-298	N/A
12/31/2016	1,012	23	N/A	-141	N/A
9/30/2016	940	76	N/A	117	N/A
6/30/2016	879	89	N/A	335	N/A
3/31/2016	858	103	N/A	360	N/A
12/31/2015	855	102	N/A	445	N/A
9/30/2015	854	129	N/A	547	N/A
6/30/2015	850	171	N/A	523	N/A
3/31/2015	838	188	N/A	546	N/A
12/31/2014	818	202	N/A	296	N/A
9/30/2014	788	189	N/A	62	N/A
6/30/2014	757	158	N/A	-166	N/A
3/31/2014	734	157	N/A	-67	N/A
12/31/2013	717	149	N/A	40	N/A
9/30/2013	704	144	N/A	72	N/A
6/30/2013	674	114	N/A	155	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: WEX's forecast earnings growth (30.5% per year) is above the savings rate (2.3%).

Earnings vs Market: WEX's earnings (30.5% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: WEX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: WEX's revenue (7.4% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: WEX's revenue (7.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: WEX's Return on Equity is forecast to be high in 3 years time (32%)

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WEX Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

WEX Inc. Revises Earnings Guidance for the Full Year 2024

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

WEX Inc. Revises Earnings Guidance for the Year 2023

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023

WEX Inc. Raises Earnings Guidance for the Full Year of 2022

Wex Inc. Provides Earnings Guidance for the Third Quarter 2022

Recent updates

WEX Inc. Revises Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.58 in 1Q 2023)

What You Can Learn From WEX Inc.'s (NYSE:WEX) P/E

WEX Streamlines Commercial EV Adoption with General Availability of At-Home and En Route Charging Products

WEX Inc. to Report Q1, 2024 Results on Apr 25, 2024

Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching

Chairman of the Board exercised options and sold US$4.1m worth of stock

Chief Legal Officer & Secretary recently sold US$931k worth of stock

Chairman of the Board notifies of intention to sell stock

Full year 2023 earnings: EPS misses analyst expectations

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024

WEX: Growing, And Growing More Appealing

WEX Inc. to Report Q4, 2023 Results on Feb 08, 2024

Chairman of the Board notifies of intention to sell stock

Investors Interested In WEX Inc.'s (NYSE:WEX) Earnings

WEX Inc. Names Sachin Dhawan New Chief Technology Officer

WEX Inc. Announces Appointment of Aimee Cardwell to its Board of Directors

WEX: Continues To Succeed In Key Markets

WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc.

WEX Inc. (NYSE:WEX) completed the acquisition of Payzer Holdings, Inc.

WEX Inc. Revises Earnings Guidance for the Year 2023

WEX Inc. (NYSE:WEX) entered into a definitive agreement to acquire Payzer Holdings, Inc for approximately $261 million.

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$1.00 loss in 3Q 2022)

Third quarter 2023 earnings released: EPS: US$0.43 (vs US$1.00 loss in 3Q 2022)

WEX: Good Entry Point For A Quality, Compounding Fleet Manager

WEX Inc. to Report Q3, 2023 Results on Oct 26, 2023

Chief Human Resources Officer notifies of intention to sell stock

Here's Why We Think WEX (NYSE:WEX) Is Well Worth Watching

WEX Inc: Q2 2023 Earnings Was Good, But More Is Needed

Chairman of the Board notifies of intention to sell stock

WEX Inc. to Report Q2, 2023 Results on Jul 27, 2023

Chief Operating Officer of Americas notifies of intention to sell stock

Chief Accounting Officer recently sold US$90k worth of stock

We Ran A Stock Scan For Earnings Growth And WEX (NYSE:WEX) Passed With Ease

Chief Operating Officer of Americas recently sold US$185k worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Chief Operating Officer of Americas exercised options and sold US$258k worth of stock

Senior VP & Chief Technology Officer exercised options and sold US$1.2m worth of stock

Is Now The Time To Put WEX (NYSE:WEX) On Your Watchlist?

Full year 2022 earnings: EPS and revenues exceed analyst expectations

WEX Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2023

WEX: Still Resistant To Monetary Tightening

WEX Inc. to Report Q4, 2022 Results on Feb 09, 2023

At US$180, Is It Time To Put WEX Inc. (NYSE:WEX) On Your Watch List?

Chief Legal Officer & Secretary exercised options and sold US$245k worth of stock

WEX (NYSE:WEX) Has A Pretty Healthy Balance Sheet

Chief Risk & Compliance Officer exercised options and sold US$94k worth of stock

Impactive Capital LP Engages in Discussions with WEX Inc

Is There An Opportunity With WEX Inc.'s (NYSE:WEX) 22% Undervaluation?

Now 22% undervalued

WEX Inc. Launches Driver App in Australia to Help SMBs Save Money on Fuel

WEX Inc.: Still An Attractive Secular Growth Story

Chief Legal Officer & Secretary exercised options and sold US$719k worth of stock

Chief Operating Officer of Americas recently sold US$163k worth of stock

WEX Inc. Raises Earnings Guidance for the Full Year of 2022

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

WEX Q3 2022 Earnings Preview

Wex gains after investor pitches at 13D Monitor Active-Passive conference

WEX Inc. to Report Q3, 2022 Results on Oct 27, 2022

Wex Inc. Announces Tpublic Launch of Flume

WEX Inc. Announces Resignation of Bhavana Bartholf, Member of Class I of Board of Directors

Chief Operating Officer of Americas exercised options and sold US$104k worth of stock

Is WEX Inc. (NYSE:WEX) Potentially Undervalued?

Independent Director recently bought US$75k worth of stock

Chief Human Resources Officer recently sold US$127k worth of stock

WEX Inc. (NYSE:WEX) announces an Equity Buyback for $150 million worth of its shares.

WEX board authorizes up to $150M share repurchase program

Here's Why WEX (NYSE:WEX) Can Manage Its Debt Responsibly

Chief Operating Officer of Americas recently sold US$204k worth of stock