FleetCor(FLT)

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FleetCor(FLT) - 2023 Q4 - Earnings Call Transcript
2024-02-08 02:34
FLEETCOR Technologies, Inc. (NYSE:FLT) Q4 2023 Results Conference Call February 7, 2024 5:30 PM ET Company Participants Jim Eglseder - Investor Relations Ron Clarke - Chairman and CEO Tom Panther - CFO Conference Call Participants Peter Christiansen - Citi Ramsey El Assal - Barclays Tien-Tsin Huang - JPMorgan Darrin Peller - Wolfe Research Nate Svensson - Deutsche Bank Sanjay Sakhrani - KBW Sheriq Sumar - Evercore ISI Chris Kennedy - William Blair Trevor Williams - Jefferies David Koning - Baird Operator He ...
Here's What Key Metrics Tell Us About FleetCor Technologies (FLT) Q4 Earnings
Zacks Investment Research· 2024-02-08 00:00
FleetCor Technologies (FLT) reported $937.32 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 6.1%. EPS of $4.44 for the same period compares to $4.04 a year ago.The reported revenue represents a surprise of -3.21% over the Zacks Consensus Estimate of $968.39 million. With the consensus EPS estimate being $4.47, the EPS surprise was -0.67%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...
FleetCor Technologies (FLT) Q4 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-02-07 23:15
FleetCor Technologies (FLT) came out with quarterly earnings of $4.44 per share, missing the Zacks Consensus Estimate of $4.47 per share. This compares to earnings of $4.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.67%. A quarter ago, it was expected that this provider of fuel card and payment products for businesses would post earnings of $4.49 per share when it actually produced earnings of $4.49, delivering no surp ...
FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares
Businesswire· 2024-02-07 21:05
ATLANTA--(BUSINESS WIRE)--FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global business payments company, today announced that it successfully closed on an amendment to its pro rata Term Loan A and Revolver A credit facilities. The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities. This amendment resulted in an increase to the Company’s revolver from $1.5 billion to $1.775 billion. In addition, the Company increased its borrowings und ...
FLEETCOR (FLT) to Report Q4 Earnings: What's in the Offing?
Zacks Investment Research· 2024-02-05 14:31
FLEETCOR Technologies, Inc. (FLT) is scheduled to release its fourth-quarter 2023 results on Feb 7, after the closing bell.FLT has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the four trailing quarters, the average surprise being 1.64%.Q4 ExpectationsThe Zacks Consensus Estimate for the top line is currently pegged at $968.39 million, up 9.6% from the year-ago actual figure. Strategic acquisitions like PayByPhone and strong demand for EVs are likely to h ...
Insights Into FleetCor Technologies (FLT) Q4: Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-02-02 15:21
Wall Street analysts forecast that FleetCor Technologies (FLT) will report quarterly earnings of $4.47 per share in its upcoming release, pointing to a year-over-year increase of 10.6%. It is anticipated that revenues will amount to $968.39 million, exhibiting an increase of 9.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, hav ...
FleetCor Technologies (FLT) Reports Next Week: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-01-31 16:06
Wall Street expects a year-over-year increase in earnings on higher revenues when FleetCor Technologies (FLT) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on F ...
Fleetcor Technologies: 5 Reasons Why I Am Bullish
Seeking Alpha· 2024-01-30 05:23
miniseries FLEETCOR Technologies (NYSE:FLT) has delivered strong results for shareholders since becoming a public company in December 2010. Since its IPO, FLT has delivered a total return of 979%. Comparably, the S&P 500 has delivered a total return of 404% during the same time period. FLT's strong performance for shareholders has been driven by strong performance in its underlying business as EPS has grown at a nearly 15% CAGR over the past 10 years. Despite having a market cap greater than $20 billion ...
FleetCor(FLT) - 2023 Q3 - Earnings Call Transcript
2023-11-09 04:39
Fleetcor Technologies, Inc. (NYSE:FLT) Q3 2023 Earnings Conference Call November 8, 2023 5:30 PM ET Company Participants James Eglseder - Head, IR Ronald Clarke - Chairman, President & CEO Thomas Panther - CFO Conference Call Participants Sanjay Sakhrani - KBW Tien-Tsin Huang - JPMorgan Chase & Co. Darrin Peller - Wolfe Research Mihir Bhatia - Bank of America Merrill Lynch Kenneth Suchoski - Autonomous Research Christopher Svensson - Deutsche Bank Ramsey El-Assal - Barclays Bank Robert Napoli - William Blai ...
FleetCor(FLT) - 2023 Q3 - Quarterly Report
2023-11-08 16:00
Derivative Lawsuits settlement of this matter, or defense against the lawsuit, could involve costs to the Company, including legal fees, redress, penalties, and remediation expenses. Estimating an amount or range of possible losses resulting from litigation proceedings is inherently difficult and requires an extensive degree of judgment, particularly where, as here, the matters involve indeterminate claims for monetary damages and are in the stages of the proceedings where key factual and legal issues have ...