CPAY's top line is likely to have been driven by the vehicle and corporate payments segments' growth in the fourth quarter of 2024.
Corpay (CPAY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Corpay is trading at a discount despite a 37% rise in share price, outperforming the S&P 500's 20% increase. CPAY's fundamentals and growth projections suggest further upside, maintaining a BUY rating with a target price of $431 to $475. Q3 highlights include 6% YOY revenue growth, improved EBITDA margins, and strong cash generation, with significant share repurchases and a robust balance sheet.
CPAY's commitment to shareholder value is evident in its consistent share repurchase program.
Investors with an interest in Financial Transaction Services stocks have likely encountered both Corpay (CPAY) and MasterCard (MA). But which of these two stocks offers value investors a better bang for their buck right now?
The CPAY stock is benefiting from high sales, improving client retention and initiatives, in turn, driving organic revenue growth.
CPAY has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.
CPAY's third-quarter 2024 top line gains from the significant rise in Corporate payments.
Corpay, Inc. (NYSE:CPAY ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jim Eglseder - Head, Investor Relations Ron Clarke - Chairman & Chief Executive Officer Tom Panther - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Nate Svensson - Deutsche Bank Dave Koning - Baird Sanjay Sakhrani - KBW Peter Christiansen - Citi Rufus Hone - BMO Capital Markets Operator Good day, everyone, and welcome to today's Corpay Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Corpay (CPAY) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Corpay (CPAY) came out with quarterly earnings of $5 per share, beating the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $4.49 per share a year ago.
Business payments firm Corpay posted a 6% jump in its third-quarter adjusted profit on Thursday, driven by growth in its corporate and vehicle payments segments.