Corpay, Inc. (CPAY) announced on Monday that its preliminary revenue for the third quarter reached $1.029 billion, surpassing the $979 million recorded in the corresponding quarter of the previous year. The company, specializing in corporate payments, also reiterated its full-year financial forecast.
Corpay projects an EPS of $3.90 and an adjusted EPS of $5.00 for the quarter, in comparison to last year's figures of $3.64 and $4.49, respectively. Current analyst forecasts predict the company's earnings per share to be $4.96, with anticipated revenue of $1.03 billion for this quarter.
For the complete fiscal year, Corpay maintains its EPS expectations in the range of $14.77 to $15.07, alongside an adjusted EPS between $18.85 and $19.15. Analyst consensus is a slightly higher adjusted EPS estimate of $18.96.
