The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FleetCor Technologies beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins dropped, net margins improved.
FleetCor Technologies reported revenue of $140.2 million. The five analysts polled by S&P Capital IQ foresaw a top line of $128.4 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $106.5 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 $0.45. The three earnings estimates compiled by S&P Capital IQ anticipated $0.48 per share. GAAP EPS of $0.45 for Q4 were 45% higher than the prior-year quarter's $0.31 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 71.0%, 410 basis points worse than the prior-year quarter. Operating margin was 38.7%, 600 basis points worse than the prior-year quarter. Net margin was 26.9%, 1,050 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $146.3 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $634.8 million. The average EPS estimate is $2.61.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FleetCor Technologies is outperform, with an average price target of $34.33.
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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. 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.