Wall Street analysts expect Corpay (CPAY) to post quarterly earnings of $4.49 per share in its upcoming report, which indicates a year-over-year increase of 9.5%. Revenues are expected to be $1.01 billion, up 8% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Corpay metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenues- Corporate Payments' to come in at $346.20 million. The estimate indicates a change of +30.5% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Vehicle Payments' should arrive at $492.03 million. The estimate indicates a change of -0.4% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Lodging Payments' will reach $113.03 million. The estimate indicates a year-over-year change of +1.6%.
Analysts' assessment points toward 'Revenues- Other Payments' reaching $55.59 million. The estimate points to a change of -13.8% from the year-ago quarter.
The consensus among analysts is that 'Lodging Payments - Room nights' will reach 9.20 million. Compared to the present estimate, the company reported 8.2 million in the same quarter last year.
The consensus estimate for 'Spend volume - Corporate Payments' stands at 46.98 million. Compared to the present estimate, the company reported 36.8 million in the same quarter last year.
The combined assessment of analysts suggests that 'Revenues, net per room night - Lodging Payments' will likely reach $12.34. Compared to the current estimate, the company reported $13.52 in the same quarter of the previous year.
Analysts forecast 'Other - Transactions' to reach 343.83 million. Compared to the present estimate, the company reported 367.3 million in the same quarter last year.
View all Key Company Metrics for Corpay here>>>
Corpay shares have witnessed a change of -9.3% in the past month, in contrast to the Zacks S&P 500 composite's -0.7% move. With a Zacks Rank #3 (Hold), CPAY is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Corpay, Inc. (CPAY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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