We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is a Beat in the Cards for FLEETCOR (FLT) in Q2 Earnings?
Read MoreHide Full Article
FLEETCOR Technologies, Inc. is scheduled to release second-quarter 2020 results on Aug 6, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $526.84 million, indicating decline of 18.6% year over year, attributable to weakness across all product categories — fuel, corporate payments, lodging, tolls, and gift, and COVID-19-related shutdowns across the world.
Product category-wise, the consensus mark for Fuel segment revenues is pegged at $239 million, implying a decline of 18.9% from the year-ago quarter’s reported figure. The consensus estimate for Corporate payments segment revenues is pegged at $124 million, indicating decline of 2.4% year over year. The consensus mark for Tolls revenues stands at $66 million, suggesting a decrease of 23.3% from the year-ago quarter’s reported figure. The consensus estimate for Lodging segment revenues is pegged at $33.85 million, indicating decline of 32.3% from the year-ago quarter’s reported figure. The consensus mark for Gift revenues stands at $19.33 million, suggesting a decrease of 45.9% from the year-ago quarter’s reported figure.
Decline in operating margins is likely to have weighed on the company’s bottom line, the Zacks Consensus Estimate for which is pegged at $2.17, indicating a massive decline of 23.9% year over year.
What Our Model Says
Our proven model predicts an earnings beat for FLEETCOR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
FLEETCOR has an Earnings ESP of +0.83% and a Zacks Rank #2.
FleetCor Technologies, Inc. Price and EPS Surprise
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these also have the right combination of elements to beat on second-quarter 2020 earnings.
Broadridge Financial (BR - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #3.
Waste Connections (WCN - Free Report) has an Earnings ESP of +3.33% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Shutterstock
Is a Beat in the Cards for FLEETCOR (FLT) in Q2 Earnings?
FLEETCOR Technologies, Inc. is scheduled to release second-quarter 2020 results on Aug 6, after market close.
Let’s check out the expectations in detail.
Q2 Expectations
The Zacks Consensus Estimate for revenues is pegged at $526.84 million, indicating decline of 18.6% year over year, attributable to weakness across all product categories — fuel, corporate payments, lodging, tolls, and gift, and COVID-19-related shutdowns across the world.
Product category-wise, the consensus mark for Fuel segment revenues is pegged at $239 million, implying a decline of 18.9% from the year-ago quarter’s reported figure. The consensus estimate for Corporate payments segment revenues is pegged at $124 million, indicating decline of 2.4% year over year. The consensus mark for Tolls revenues stands at $66 million, suggesting a decrease of 23.3% from the year-ago quarter’s reported figure. The consensus estimate for Lodging segment revenues is pegged at $33.85 million, indicating decline of 32.3% from the year-ago quarter’s reported figure. The consensus mark for Gift revenues stands at $19.33 million, suggesting a decrease of 45.9% from the year-ago quarter’s reported figure.
Decline in operating margins is likely to have weighed on the company’s bottom line, the Zacks Consensus Estimate for which is pegged at $2.17, indicating a massive decline of 23.9% year over year.
What Our Model Says
Our proven model predicts an earnings beat for FLEETCOR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
FLEETCOR has an Earnings ESP of +0.83% and a Zacks Rank #2.
FleetCor Technologies, Inc. Price and EPS Surprise
FleetCor Technologies, Inc. price-eps-surprise | FleetCor Technologies, Inc. Quote
Other Stocks to Consider
Here are a few stocks from the broader Zacks Business Services sector that investors may consider, as our model shows that these also have the right combination of elements to beat on second-quarter 2020 earnings.
Fiserv has an Earnings ESP of +3.14% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Broadridge Financial (BR - Free Report) has an Earnings ESP of +2.70% and a Zacks Rank #3.
Waste Connections (WCN - Free Report) has an Earnings ESP of +3.33% and a Zacks Rank #3.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>