Recap: Fleetcor Technologies Q1 Earnings

Fleetcor Technologies FLT reported its Q1 earnings results on Thursday, May 5, 2022 at 05:30 PM.

Here's what investors need to know about the announcement.

Fleetcor Technologies beat estimated earnings by 3.4%, reporting an EPS of $3.65 versus an estimate of $3.53.

Revenue was up $180.62 million from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 6.66% increase in the share price the next day.

Here's a look at Fleetcor Technologies's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	3.60	3.48	2.92	2.73
EPS Actual	3.72	3.52	3.15	2.82
Revenue Estimate	766.89M	739.48M	632.17M	609.24M
Revenue Actual	802.25M	755.48M	667.38M	608.62M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Fleetcor Technologies management provided guidance for FY 2022, expecting earnings between $15.45 and $15.75 per share.

To track all earnings releases for Fleetcor Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.