FleetCor Applied sciences (FLT) got here out with quarterly earnings of $3.52 per share, beating the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $2.80 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 0.86%. 1 / 4 in the past, it was anticipated that this supplier of gas card and fee merchandise for companies would publish earnings of $2.92 per share when it really produced earnings of $3.15, delivering a shock of seven.88%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
FleetCor Applied sciences, which belongs to the Zacks Monetary Transaction Providers trade, posted revenues of $755.48 million for the quarter ended September 2021, surpassing the Zacks Consensus Estimate by 2.29%. This compares to year-ago revenues of $585.28 million. The corporate has topped consensus income estimates 4 instances over the past 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
FleetCor Applied sciences shares have misplaced about 11.2% because the starting of the yr versus the S&P 500’s achieve of 23.3%.
What’s Subsequent for FleetCor Applied sciences?
Whereas FleetCor Applied sciences has underperformed the market thus far this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a powerful observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for FleetCor Applied sciences was combined. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the entire listing of in the present day’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $3.50 on $755.26 million in revenues for the approaching quarter and $12.97 on $2.77 billion in revenues for the present fiscal yr.
Traders ought to be conscious of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as properly. By way of the Zacks Trade Rank, Monetary Transaction Providers is at present within the backside 36% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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FleetCor Applied sciences, Inc. (FLT) : Free Inventory Evaluation Report
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