FleetCor Technologies Earnings: Here’s Why Investors are Buying Shares Now

FleetCor Technologies, Inc. (NYSE:FLT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.47%.

FleetCor Technologies, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 36.99% to $1.00 in the quarter versus EPS of $0.73 in the year-earlier quarter.

Revenue: Rose 28.56% to $220.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FleetCor Technologies, Inc. reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.95. It beat the average revenue estimate of $202.24 million.

Quoting Management: “We are extremely pleased with our second quarter results which include adjusted revenue growth of 31% and adjusted net income per share growth of 35%,” said Ron Clarke, chairman and chief executive officer, FleetCor Technologies, Inc. “We are also delighted to announce the signing of two new partner agreements, Husky Oil of Canada and Visa Europe, along with an expansion of our Shell relationship to the U.S.”

Key Stats (on next page)…

Revenue increased 14.07% from $193.65 million in the previous quarter. EPS increased 11.11% from $0.90 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.96 to a profit $0.97. For the current year, the average estimate has moved up from a profit of $3.74 to a profit of $3.80 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)