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FLEETCOR (FLT) to Report Q3 Earnings: What's in the Offing?

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FLEETCOR Technologies, Inc. is scheduled to release third-quarter 2021 results on Nov 3, after market close.

Let’s check out the expectations in detail.

Q3 Expectations

The Zacks Consensus Estimate for revenues is pegged at $738.56 million, indicating a growth of 26.2% year over year, attributable to improvement across all product categories - corporate payments, fuel, tolls, lodging and gifts.

Product category-wise, the consensus estimate for Corporate payments segment revenues is pegged at $168 million, indicating growth of 57% year over year. The consensus mark for Fuel segment revenues is pegged at $311 million, implying growth of 21.9% from the year-ago quarter’s reported figure. The consensus mark for Tolls revenues stands at $76 million, suggesting an increase of 11.8% from the year-ago quarter’s reported figure. The consensus estimate for Lodging segment revenues is pegged at $64 million, indicating growth of 20.8% from the year-ago quarter’s reported figure. The consensus mark for Gift revenues stands at $46.34 million, suggesting growth of 18.5% from the year-ago quarter’s reported figure.

Improvement in operational metrics is likely to have aided the company’s bottom line, the Zacks Consensus Estimate for which is pegged at $3.49 per share, indicating growth of 24.6% year over year. The consensus estimate for the bottom line lies within the guided range of $3.35-$3.50 per share.

What Our Model Says

Our proven model does not conclusively predict 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 -0.97% and a Zacks Rank #3.

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 have the right combination of elements to beat on third-quarter 2021 earnings:

Avis Budget (CAR - Free Report) has an Earnings ESP of +10.19% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Opendoor Technologies (OPEN - Free Report) has an Earnings ESP of +38.89% and a Zacks Rank #2.

SoFi Technologies (SOFI - Free Report) has an Earnings ESP of +64.71% and a Zacks Rank #3.


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