Stock FAQs

why is wex stock down

by Prof. Amir West PhD Published 3 years ago Updated 2 years ago
image

Can Wex (Wex) really move this high?

Oct 28, 2021 · It's kind of a mystery -- and maybe a buying opportunity. What happened Shares of Wex ( WEX 0.21%) collapsed in afternoon trading Thursday, falling 13.5% through 2:55 p.m. EDT despite the employee...

What is the Wex stock price target at Susquehanna Wex?

Get the latest WEX Inc. (WEX) stock news and headlines to help you in your trading and investing decisions.

What does Wex do?

Apr 01, 2022 · WEX stock rallies after profit and revenue outlook raised, while CFO has stepped down. Shares of WEX Inc. WEX, +2.29% rallied 3.1% in premarket trading Tuesday, after the …

Where can I buy shares of Wes?

Oct 28, 2021 · Why Wex Stock Crashed and Burned Today. 6 states account for more than half of the country’s recent Covid hospitalizations. Bank of America accused in lawsuit of helping …

See more

Jul 30, 2020 · Having already withdrawn its financial guidance for the year back in May, Wex declined to reinstate guidance today, citing "the continued uncertainty related to COVID-19." …

image

Why is WEX stock dropping?

The stock fell post Q3 2021 earnings despite the company beating consensus estimates for revenues and earnings. The sell off could have been triggered due to slightly lower than estimated future guidance by the company.Dec 1, 2021

Is WEX a good investment?

The financial health and growth prospects of WEX, demonstrate its potential to outperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.

Is WEX a buy or sell?

WEX has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.

Is WEX a public company?

When did WEX become a publicly traded company? The Company's initial public offering took place on February 16, 2005. 40 million shares sold at $18.00 per share.

Is WEX a good company?

Is WEX a good company to work for? WEX has an overall rating of 3.9 out of 5, based on over 564 reviews left anonymously by employees. 79% of employees would recommend working at WEX to a friend and 67% have a positive outlook for the business.Apr 29, 2022

Who owns Wex Inc?

WEX Inc.
TypePublic
Key peopleMelissa D. Smith (President, Director, & CEO) Michael E. Dubyak (Chairman of the Board) Roberto Simon (CFO)
ProductsFleet cards, corporate payments, virtual card.
RevenueUS$ 1.54 billion (2020 FY)
Operating incomeUS$ 239.27 million (2017)
11 more rows

What companies use WEX?

Partner with WEX
  • F&I Administration.
  • Grasp Technology.
  • IBS Software.
  • PCMI Corporation.
  • SAP Concur.
  • Universal Air Travel Plan (UATP)

Is WEX an issuer?

The Card Issuer is WEX BANK.

Here's Why You Should Retain WEX Stock in Your Portfolio

Wex (WEX) Q2 Earnings and Revenues Beat Estimates

WEX's revenue stability is being aided by its product and service quality, as well as its deep understanding of customers' operational needs.

Wex (WEX) Earnings Expected to Grow: Should You Buy?

Wex (WEX) delivered earnings and revenue surprises of 16.08% and 5.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Should I Buy WEX Inc (WEX)?

Wex (WEX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here's Why You Should Hold WEX Stock in Your Portfolio Now

At Insider Monkey, we pore over the filings of nearly 866 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of March 31st. In this […]

What Does WEX Inc.'s (NYSE:WEX) Share Price Indicate?

Strategic acquisitions and revenue-generation efforts are aiding WEX stock. However, high debt is worrisome.

WEX Rides on Buyouts and Product Excellence, Debt Woes Stay

While WEX Inc. ( NYSE:WEX ) might not be the most widely known stock at the moment, it received a lot of attention from...

About WEX

WEX continues to acquire and invest in companies, both in the United States as well as internationally, to expand its product and service offerings.

Analyst Forecast

WEX Inc. provides financial technology services in North America, the Asia Pacific, and Europe. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services.

News

According to 20 analysts, the average rating for WEX Inc. stock is "Buy." The 12-month stock price forecast is 227.33, which is an increase of 23.43% from the latest price.

Wex whiffed on both sales and earnings

PORTLAND, Maine-- (BUSINESS WIRE)--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Board of Directors has extended its share repurchase program that was ini...

What happened

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.

So what

Wex ( NYSE:WEX), a company that provides "fleet management solutions" (fuel cards, account management, and so on) to operators of large car and truck fleets, reported Q2 2020 results this morning. The news was not great, and shares are down 9% as of 10:55 a.m. EDT.

Now what

That's the bad news. The good news is that $1.21 was a pro forma number. When calculated according to generally accepted accounting principles ( GAAP ), Wex actually earned a respectable $1.66 per share -- more than five times what it earned in the year-ago period.

WEX Board of Directors Announces Extension of Share Repurchase Program

Nor is it clear that things will get better anytime soon. Having already withdrawn its financial guidance for the year back in May, Wex declined to reinstate guidance today, citing "the continued uncertainty related to COVID-19."

WEX Pay Card Provides Fast, Easy Funding for Businesses and Cardholders

PORTLAND, Maine, August 26, 2021--WEX Inc. (NYSE:WEX), a leading financial technology service provider, today announced that its Board of Directors has extended its share repurchase program that was initiated in 2017 and was set to expire on September 30, 2021.

Wex (WEX) Q2 Earnings and Revenues Beat Estimates

PORTLAND, Maine, August 05, 2021--WEX announces the launch of the WEX Pay Card.

WEX Inc. Reports Second Quarter 2021 Financial Results

Wex (WEX) delivered earnings and revenue surprises of 16.08% and 5.08%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Wex (WEX) Earnings Expected to Grow: Should You Buy?

PORTLAND, Maine, July 29, 2021--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today reported financial results for the three months ended June 30, 2021.

WEX Inc. to Release Second Quarter 2021 Financial Results on July 29, 2021

Wex (WEX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Should I Buy WEX Inc (WEX)?

PORTLAND, Maine, July 15, 2021--WEX Inc. (NYSE: WEX), a leading financial technology service provider, today announced it will report second quarter 2021 financial results before the market opens on Thursday, July 29, 2021.

Recently Viewed Tickers

At Insider Monkey, we pore over the filings of nearly 866 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of March 31st. In this […]

WEX Inc

Visit a quote page and your recently viewed tickers will be displayed here.

Is Western Midstream Partners a buy right now?

WEX, Inc. engages in the provision of payment processing and information management solutions. It operates through the following segments: Fleet Solutions; Travel and Corporate Solutions; and Health and Employee Benefit Solutions.

What stocks does MarketBeat like better than Western Midstream Partners?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Western Midstream Partners in the last twelve months. There are currently 2 hold ratings and 10 buy ratings for the stock.

Are investors shorting Western Midstream Partners?

Wall Street analysts have given Western Midstream Partners a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Western Midstream Partners wasn't one of them.

When is Western Midstream Partners' next earnings date?

Western Midstream Partners saw a increase in short interest in August. As of August 13th, there was short interest totaling 5,100,000 shares, an increase of 26.6% from the July 29th total of 4,030,000 shares. Based on an average daily trading volume, of 949,400 shares, the short-interest ratio is presently 5.4 days.

How were Western Midstream Partners' earnings last quarter?

Western Midstream Partners is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.#N#View our earnings forecast for Western Midstream Partners.

How has Western Midstream Partners' stock price been impacted by Coronavirus (COVID-19)?

Western Midstream Partners, LP (NYSE:WES) released its quarterly earnings data on Monday, August, 9th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.03.

How often does Western Midstream Partners pay dividends? What is the dividend yield for Western Midstream Partners?

Western Midstream Partners' stock was trading at $6.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WES shares have increased by 203.7% and is now trading at $20.35.#N#View which stocks have been most impacted by COVID-19.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9