Fleetcor Technologies Sees Q1 Adj. EPS $4.02-$4.12 Vs $4.42 Est.; Revenue $925M-$945M Vs $979.742M Est.
Portfolio Pulse from Benzinga Newsdesk
Fleetcor Technologies provided its Q1 adjusted EPS guidance in the range of $4.02-$4.12, which is below the estimated $4.42. The company also forecasts revenue between $925M-$945M, falling short of the expected $979.742M.
February 07, 2024 | 9:09 pm
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Fleetcor Technologies projects its Q1 adjusted EPS to be below expectations at $4.02-$4.12, compared to the estimated $4.42. Revenue is also anticipated to be lower than expected, between $925M-$945M versus the forecasted $979.742M.
The projected shortfall in both adjusted EPS and revenue for Fleetcor Technologies indicates a potential negative impact on the stock price in the short term. The guidance being below analyst expectations usually leads to negative market reactions, affecting investor confidence and potentially leading to a decrease in stock price.
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