Fleetcor Technologies (NYSE:FLT) reported its Q1 earnings results on Thursday, May 5, 2022 at 05:30 PM.
Here's what investors need to know about the announcement.
Earnings
Fleetcor Technologies beat estimated earnings by 3.4%, reporting an EPS of $3.65 versus an estimate of $3.53.
Revenue was up $180.62 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 6.66% increase in the share price the next day.
Here's a look at Fleetcor Technologies's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 3.60 | 3.48 | 2.92 | 2.73 |
| EPS Actual | 3.72 | 3.52 | 3.15 | 2.82 |
| Revenue Estimate | 766.89M | 739.48M | 632.17M | 609.24M |
| Revenue Actual | 802.25M | 755.48M | 667.38M | 608.62M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Fleetcor Technologies management provided guidance for FY 2022, expecting earnings between $15.45 and $15.75 per share.
To track all earnings releases for Fleetcor Technologies visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
