Corpay, Inc. (CPAY) is an Atlanta-based corporate payments company with a market cap of $20.6 billion. It provides businesses and consumers with simple, controlled payment solutions. CPAY is scheduled to release its fiscal 2024 Q2 earnings results on Wednesday, Aug. 7.
Ahead of the event, analysts expect Corpay to report a profit of $4.20 per share, up 9.1% from $3.85 per share in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in three of the last four quarters, while missing on one other occasion. Corpay’s EPS of $3.84 for the last reported quarter beat the consensus estimate by 1.1%, driven by implementations and ramping of new sales.
