Corpay set to report Q4 earnings, expectation of $1.1 billion in revenues

From Nasdaq

February 3, 2025 12:16:00 PM:

Corpay, Inc. (CPAY) is set to release its Q4 2024 results on Feb. 5 after market close. The company has beaten the Zacks Consensus Estimate in three out of the past four quarters, with an average earnings surprise of 0.3%. Expectations for Q4 include $1.1 billion in revenues, a 12.3% increase year-over-year.

Revenue breakdown for Corpay in Q4 includes $549.9 million from vehicle payments, $324.4 million from corporate payments, and $113.7 million from lodging. The consensus estimate for earnings is $5.4 per share, indicating a 20.5% growth year-over-year. The company is expected to see a margin expansion driven by robust revenues and expense management.

The Zacks model does not predict an earnings beat for Corpay this time, with an Earnings ESP of -0.37% and a Zacks Rank of 3. Other stocks in the Business Services sector with potential for earnings beats include Aptiv PLC (APTV) and Coinbase Global, Inc. (COIN). APTV is expected to report a marginal decline in revenues and a 18.6% increase in earnings, while COIN is expected to see a 67.2% revenue growth and a 16.4% decline in earnings. Both companies have a Zacks Rank of 3 and are set to report earnings on Feb. 6 and Feb. 13, respectively.

Read more at Nasdaq: Corpay Gears Up to Report Q4 Earnings: Here’s What You Should Know