FleetCor Technologies Earnings: Here’s Why the Stock is Up 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 6.48%.

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FleetCor Technologies, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 50% to $0.9 in the quarter versus EPS of $0.60 in the year-earlier quarter.

Revenue: Rose 32.52% to $193.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: FleetCor Technologies, Inc. reported adjusted EPS income of $0.9 per share. By that measure, the company beat the mean analyst estimate of $0.83. It beat the average revenue estimate of $182.35 million.

Quoting Management: “Our first quarter results were terrific, with revenue up 32%, and adjusted net income per share up 50%. We are also pleased to have completed three acquisitions year to date – GE’s Australia fuel card business, Cardlink in New Zealand, and Telenav Mobile in the U.S.,” said Ron Clarke, chairman and chief executive officer, FleetCor Technologies, Inc.

Key Stats (on next page)…

Revenue decreased 4.4% from $202.62 million in the previous quarter. EPS increased 9.76% from $0.82 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 $0.87 to a profit $0.93. For the current year, the average estimate has moved up from a profit of $3.4 to a profit of $3.67 over the last ninety days.

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