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 Q1 Earnings?
Read MoreHide Full Article
FLEETCOR Technologies, Inc. is scheduled to report first-quarter 2019 results on May 7, after market close.
So far this year, shares of FLEETCOR have gained 38.3% compared with 27.9% rise of the industry it belongs to and 15.9% increase of the Zacks S&P 500 composite.
Let's check out how things are shaping up for the announcement.
Strength Across Product Categories to Drive the Top Line
The Zacks Consensus Estimate for first-quarter 2019 revenues stands at $605.6 million, indicating growth of 3.4% from the year-ago period reported figure. The upside is likely to come strength across the four primary product categories – fuel, corporate payments, toll and lodging.
The consensus mark for Fuel revenues is pegged at $226 million, indicating growth of 3.1% from the year-ago reported figure. Solid performance of fuel card business is expected to drive results.
The consensus estimate for Corporate Payments revenues is pegged at $107 million, indicating growth of 12.6% from the year-ago reported figure. The expected growth is likely to come from strength across both Cambridge and the Comdata corporate payments business.
The consensus mark for Tolls revenues is pegged at $93 million, indicating growth of 2.2% from the year-ago reported figure. The upside is expected to come on the back of tag volume.
The consensus estimate for Lodging revenues is pegged at $42.43 million, indicating growth of 7.7% from the year-ago reported figure. Small business room night growth should boost lodging revenues.
In fourth-quarter 2018, revenues of $643.4 million increased 5.5% year over year.
Bottom Line Projections
The Zacks Consensus Estimate for earnings per share in the to-be reported quarter is pegged at $2.62, indicating growth of 4.8% from the year-ago reported figure. Notably, the consensus estimate lies within the guided adjusted EPS range of $2.55-$2.65 per share.
In fourth-quarter 2018, adjusted earnings of $2.78 per share increased 14.9% year over year.
Our Model Suggests a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP . Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
FLEETCOR has a Zacks Rank #2 and an Earnings ESP of +0.38%, a combination that increases the odds of an earnings beat.
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 estimates:
Green Dot (GDOT - Free Report) has an Earnings ESP of +0.30% and a Zacks Rank #3.
Broadridge (BR - Free Report) has an Earnings ESP of +0.34% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
Image: Bigstock
Is a Beat in the Cards for FLEETCOR (FLT) in Q1 Earnings?
FLEETCOR Technologies, Inc. is scheduled to report first-quarter 2019 results on May 7, after market close.
So far this year, shares of FLEETCOR have gained 38.3% compared with 27.9% rise of the industry it belongs to and 15.9% increase of the Zacks S&P 500 composite.
Let's check out how things are shaping up for the announcement.
Strength Across Product Categories to Drive the Top Line
The Zacks Consensus Estimate for first-quarter 2019 revenues stands at $605.6 million, indicating growth of 3.4% from the year-ago period reported figure. The upside is likely to come strength across the four primary product categories – fuel, corporate payments, toll and lodging.
The consensus mark for Fuel revenues is pegged at $226 million, indicating growth of 3.1% from the year-ago reported figure. Solid performance of fuel card business is expected to drive results.
The consensus estimate for Corporate Payments revenues is pegged at $107 million, indicating growth of 12.6% from the year-ago reported figure. The expected growth is likely to come from strength across both Cambridge and the Comdata corporate payments business.
The consensus mark for Tolls revenues is pegged at $93 million, indicating growth of 2.2% from the year-ago reported figure. The upside is expected to come on the back of tag volume.
The consensus estimate for Lodging revenues is pegged at $42.43 million, indicating growth of 7.7% from the year-ago reported figure. Small business room night growth should boost lodging revenues.
In fourth-quarter 2018, revenues of $643.4 million increased 5.5% year over year.
Bottom Line Projections
The Zacks Consensus Estimate for earnings per share in the to-be reported quarter is pegged at $2.62, indicating growth of 4.8% from the year-ago reported figure. Notably, the consensus estimate lies within the guided adjusted EPS range of $2.55-$2.65 per share.
In fourth-quarter 2018, adjusted earnings of $2.78 per share increased 14.9% year over year.
Our Model Suggests a Beat
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP . Zacks Rank #4 (Sell) or 5 (Strong Sell) stocks are best avoided, especially when the company is seeing negative estimate revisions. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter .
FLEETCOR has a Zacks Rank #2 and an Earnings ESP of +0.38%, a combination that increases the odds of an earnings beat.
FleetCor Technologies, Inc. Price and EPS Surprise
FleetCor Technologies, Inc. Price and EPS Surprise | FleetCor Technologies, Inc. Quote
Other Stocks That Warrant a Look
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 estimates:
WEX (WEX - Free Report) has an Earnings ESP of +1.78% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Green Dot (GDOT - Free Report) has an Earnings ESP of +0.30% and a Zacks Rank #3.
Broadridge (BR - Free Report) has an Earnings ESP of +0.34% and a Zacks Rank #3.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>