CPAY Stock Recent News

Corpay (CPAY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Rising volume and revenues per transaction in payment programs aid Corpay's organic revenue growth.

Corpay (CPAY) reported earnings 30 days ago. What's next for the stock?

Corpay, Inc. is poised for growth, driven by smart acquisitions, expanding payment solutions, and strong performance in Corporate Payments and international markets. Q2 2024 earnings highlight a 7% revenue increase to $976 million and a 14% rise in cash EPS to $4.55. Strategic acquisitions like Paymerang and GPS are expected to significantly boost earnings and operational efficiency through synergies.

CPAY has been consistently pursuing acquisitions and investments to increase its customer base, workforce and operational capabilities.

TORONTO--(BUSINESS WIRE)--Corpay, Inc.*, (NYSE: CPAY) a global leader in corporate payments, is pleased to announce that Corpay's Cross-Border business has entered into an agreement with the current Premier League title holder, Manchester City to become their Official Foreign Exchange (FX) Partner. As part of this partnership, Corpay Cross-Border has also been named an Official Partner of Manchester City Women. Through this partnership, Manchester City will be able to gain access to and utilise.

Corpay, Inc. (NYSE:CPAY ) Q2 2024 Results Conference Call August 7, 2024 5:30 PM ET Company Participants Jim Eglseder - Investor Relations Ron Clarke - Chairman & Chief Executive Officer Tom Panther - Chief Financial Officer Conference Call Participants Darrin Peller - Wolfe Research Tien-Tsin Huang - JPMorgan Sanjay Sakhrani - KBW Nate Svensson - Deutsche Bank Peter Christiansen - Citi Ramsey El Assal - Barclays John Davis - Raymond James Andrew Jeffrey - William Blair David Koning - Baird Operator Good day, everyone, and welcome to today's Corpay's Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this call is being recorded.

Corpay's (CPAY) top-line benefits from Corporate payments' revenues in the second quarter of 2024.

The headline numbers for Corpay (CPAY) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Corpay (CPAY) came out with quarterly earnings of $4.55 per share, beating the Zacks Consensus Estimate of $4.51 per share. This compares to earnings of $4.19 per share a year ago.