WEX (NYSE: WEX) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), WEX met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew significantly.

Gross margins shrank, operating margins dropped, net margins increased.

Revenue details
 WEX reported revenue of $178.3 million. The nine analysts polled by S&P Capital IQ anticipated revenue of $176.8 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $153.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 EPS came in at $1.05. The 10 earnings estimates compiled by S&P Capital IQ predicted $1.04 per share. Non-GAAP EPS of $1.05 for Q2 were 5.0% higher than the prior-year quarter's $1.00 per share. GAAP EPS of $1.08 for Q2 were 38% higher than the prior-year quarter's $0.78 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
 For the quarter, gross margin was 55.3%, 250 basis points worse than the prior-year quarter. Operating margin was 42.5%, much worse than the prior-year quarter. Net margin was 23.7%, 390 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $188.0 million. On the bottom line, the average EPS estimate is $1.17.

Next year's average estimate for revenue is $713.9 million. The average EPS estimate is $4.31.

Investor sentiment
 The stock has a three-star rating (out of five) at Motley Fool CAPS, with 81 members out of 91 rating the stock outperform, and 10 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give WEX a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on WEX is hold, with an average price target of $74.57.

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