Corpay (CPAY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Corpay Inc (CPAY, Financial) has recently captured the attention of investors and financial analysts alike, thanks to its strong financial performance and promising growth prospects. With a current share price of $325.5 and a daily gain of 2.05%, coupled with a significant three-month increase of 21.66%, Corpay Inc stands out in the financial landscape.
Rising volume and revenues per transaction in payment programs aid Corpay's organic revenue growth.
Corpay (CPAY) reported earnings 30 days ago. What's next for the stock?
CPAY has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.
Corpay, Inc. (NYSE:CPAY ) Q2 2024 Results Conference Call August 7, 2024 5:30 PM ET Company Participants Jim Eglseder - Investor Relations Ron Clarke - Chairman & Chief Executive Officer Tom Panther - Chief Financial Officer Conference Call Participants Darrin Peller - Wolfe Research Tien-Tsin Huang - JPMorgan Sanjay Sakhrani - KBW Nate Svensson - Deutsche Bank Peter Christiansen - Citi Ramsey El Assal - Barclays John Davis - Raymond James Andrew Jeffrey - William Blair David Koning - Baird Operator Good day, everyone, and welcome to today's Corpay's Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this call is being recorded.
Corpay's (CPAY) top-line benefits from Corporate payments' revenues in the second quarter of 2024.
The headline numbers for Corpay (CPAY) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Corpay (CPAY) came out with quarterly earnings of $4.55 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $4.19 per share a year ago.
Corpay (CPAY) is expected to register earnings and revenue growth when it reports second-quarter 2024 results.
Get a deeper insight into the potential performance of Corpay (CPAY) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Corpay (CPAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.