Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Corpay Inc (CPAY)
NYSE:CPAY
Holding CPAY?
Track your performance easily
Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
5.36Last Year’s EPS
4.44Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 9.81%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call reflects strong performance with record-breaking revenue and positive growth metrics across several business segments. The company is optimistic about future growth with a positive outlook for Q4 and 2025, backed by strategic reorganization and successful M&A activity. However, challenges persist in the North America fleet and lodging segments, and there is an increased interest expense due to acquisitions.Company Guidance
During Corpay's third quarter 2024 earnings call, the company provided several key metrics and guidance. They reported revenue of $1.29 billion, marking a 7% increase excluding Russia, and cash EPS of $5, up 14% excluding Russia. EBITDA margins improved by 100 basis points sequentially to 54.2%. The company experienced stable same-store sales and a slight improvement in retention to over 92%. New bookings grew by 14%, with corporate payment sales growth leading at 28%. For Q4 2024, Corpay anticipates organic revenue growth to accelerate to 13%, with EBITDA margins expected to rise to 55.6%. They also project a cash EPS of $5.35 at the midpoint, representing a 21% increase, and are hopeful for sales growth exceeding 20%. Looking ahead to 2025, the company expects organic revenue growth between 9% and 11%, driven by recoveries in North America fleet and lodging businesses, and continued strength in corporate payments and Brazil. They are targeting 2025 cash EPS around $22 per share, with assumptions on FX, interest rates, and tax rates influencing these figures.Record-Breaking Revenue and Growth
Surpassed $1 billion in quarterly revenue for the first time, reaching $1.29 billion, up 7% excluding Russia. Cash EPS of $5, up 14% excluding Russia.
Strong Corporate Payments Growth
Corporate payments sales growth led the way with 28% growth in the quarter, and organic revenue growth was 18% year-over-year.
Positive EBITDA Margins
EBITDA margins in Q3 were 54.2%, up about 100 basis points sequentially, and expected to increase to 55.6% in Q4.
U.S. Market Reorganization
Established a consolidated U.S. sales organization and appointed a new CRO to leverage the U.S. opportunity more effectively.
M&A Synergies and Growth
Significant M&A activity with expected synergies from recent acquisitions. Paymerang acquisition tracking well with expected meaningful synergies in Q4.
Positive Outlook for 2025
Targeting 2025 cash EPS of $22 per share, driven by organic revenue growth of 9% to 11% and additional growth from recent acquisitions.
---
CPAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CPAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $346.50 | $366.01 | +5.63% |
| Aug 07, 2024 | $270.28 | $286.33 | +5.94% |
| May 08, 2024 | $304.50 | $283.22 | -6.99% |
| Feb 07, 2024 | $291.99 | $265.12 | -9.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Corpay Inc (CPAY) report earnings?
Corpay Inc (CPAY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Corpay Inc (CPAY) earnings time?
Corpay Inc (CPAY) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPAY EPS forecast?
CPAY EPS forecast for the fiscal quarter 2024 (Q4) is 5.36.
---