Corpay, Inc. (CPAY), headquartered in Atlanta, Georgia, operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments. Valued at $24.9 billion by market cap, the company offers global payment, currency risk management, and invoice automation solutions which help businesses to control, simplify, and secure payment for vehicle related expenses, general payables, tolls, insurance, and lodging expenses. The tech giant is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Thursday, Nov. 7.
Ahead of the event, analysts expect CPAY to report a profit of $4.65 per share on a diluted basis, up 10.7% from $4.20 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports.
