Fleetcor Technologies Sees FY24 Adj. EPS $19.20-$19.60 Vs $19.34 Est.; Revenue $4.040B-$4.120B Vs $4.138B Est.
Portfolio Pulse from Benzinga Newsdesk
Fleetcor Technologies projects its FY24 adjusted EPS to be between $19.20 and $19.60, compared to the estimated $19.34. The company also forecasts revenue to range from $4.040 billion to $4.120 billion, slightly below the estimated $4.138 billion.
February 07, 2024 | 9:08 pm
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NEUTRAL IMPACT
Fleetcor Technologies anticipates its FY24 adjusted EPS to be in the range of $19.20 to $19.60, closely aligning with the analyst estimate of $19.34. The company's revenue projection of $4.040 billion to $4.120 billion is slightly below the analyst expectation of $4.138 billion.
The EPS forecast being in line with analyst expectations suggests a neutral impact on the stock price, as it indicates the company's performance is as expected. However, the slightly lower revenue forecast could cause some concern among investors, potentially leading to a cautious outlook in the short term. The overall neutral score reflects these balancing factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100