Fleetcor Technologies, Inc. (FLT) Tops Q1 EPS by 9c

Fleetcor Technologies, Inc. (NYSE: FLT) reported Q1 EPS of $2.82, $0.09 better than the analyst estimate of $2.73. Revenue for the quarter came in at $608.6 million versus the consensus estimate of $609.24 million.

“2021 is off to a good start, with first quarter revenue results in line with our expectations and adjusted net income per share slightly better than our original outlook, mostly due to credit performance,” said Ron Clarke, chairman and chief executive officer, FLEETCOR Technologies, Inc. “Although revenue and adjusted EPS were down 8% and 6%, respectively, versus last year, this was mostly due to pandemic driven client softness of roughly 6%. We remain encouraged that new sales were up 7% over last year and retention continued to improve, which together will help drive our future growth.”

GUIDANCE:

Fleetcor Technologies, Inc. sees FY2021 EPS of $12.14-$12.70, versus the consensus of $12.49. Fleetcor Technologies, Inc. sees FY2021 revenue of $2.6-2.7 million, versus the consensus of $2.66 million.

For earnings history and earnings-related data on Fleetcor Technologies, Inc. (FLT) click here.

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