FleetCor Technologies Beats on Both Top and Bottom Lines
Aug 15th 2012 10:46AM
Updated Aug 15th 2012 10:48AM
FleetCor Technologies (NYS: FLT) reported earnings on Aug. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), FleetCor Technologies beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins expanded, net margins increased.
FleetCor Technologies booked revenue of $171.8 million. The four analysts polled by S&P Capital IQ anticipated net sales of $158.7 million on the same basis. GAAP reported sales were 28% higher than the prior-year quarter's $134.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.73. The seven earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS of $0.63 for Q2 were 43% higher than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 74.0%, 20 basis points worse than the prior-year quarter. Operating margin was 47.4%, 280 basis points better than the prior-year quarter. Net margin was 31.7%, 430 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $161.5 million. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $625.1 million. The average EPS estimate is $2.58.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FleetCor Technologies is outperform, with an average price target of $41.83.
Is FleetCor Technologies playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.
- Add FleetCor Technologies to My Watchlist.
The article FleetCor Technologies Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.