Recap: Fleetcor Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
Fleetcor Technologies (NYSE:FLT) reported Q4 earnings with an EPS of $4.44, missing estimates by 0.89% against an expected $4.48. Revenue increased by $53.71 million from the same period last year. The company's past earnings performance shows a pattern of narrowly missing EPS estimates, which previously led to a 2.88% drop in share price following the Q3 2023 earnings announcement.
February 07, 2024 | 9:30 pm
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Fleetcor Technologies reported Q4 earnings with a slight miss on EPS estimates and an increase in revenue year-over-year. Historical data shows a share price drop following earnings misses.
Given Fleetcor Technologies' history of share price decline following earnings misses, the Q4 earnings report showing a miss on EPS estimates could potentially lead to short-term negative impact on FLT's stock price. The slight miss, coupled with the company's past performance trend, suggests a cautious outlook for investors.
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