FLT

FleetCor Technologies, Inc.

227.53
USD
-0.06%
227.53
USD
-0.06%
200.78 282.02
52 weeks
52 weeks

Mkt Cap 18.80B

Shares Out 82.60M

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FleetCor Technologies (FLT) Stock Jumps 3.6%: Will It Continue to Soar?

FleetCor Technologies (FLT) shares soared 3.6% in the last trading session to close at $217.50. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.6% loss over the past four weeks. The stock is benefiting from FLEETCOR’s top-line growth, driven by continued strong sales, robust retention levels and healthy same-store sales. This provider of fuel card and payment products for businesses is expected to post quarterly earnings of $3.86 per share in its upcoming report, which represents a year-over-year change of +22.5%. Revenues are expected to be $816.99 million, up 22.4% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For FleetCor Technologies, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FLT going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> FleetCor Technologies is part of the Zacks Financial Transaction Services industry. PagSeguro Digital Ltd. (PAGS), another stock in the same industry, closed the last trading session 6.3% higher at $11.14. PAGS has returned -28.8% in the past month. PagSeguro Digital Ltd.'s consensus EPS estimate for the upcoming report has changed +6.2% over the past month to $0.22. Compared to the company's year-ago EPS, this represents a change of +10%. PagSeguro Digital Ltd. currently boasts a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab. See Stocks Now >> Click to get this free report FleetCor Technologies, Inc. (FLT): Free Stock Analysis Report PagSeguro Digital Ltd. (PAGS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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