Corpay Third Quarter 2024 Earnings: EPS Misses Expectations

Corpay (NYSE:CPAY) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.03b (up 6.0% from 3Q 2023).
• Net income: US$276.4m (up 1.8% from 3Q 2023).
• Profit margin: 27% (down from 28% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.98 (up from US$3.71 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Corpay EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Corpay.

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