5 Stocks Drawing Attention After Topping Quarterly Expectations

In this article, we discuss the 5 stocks drawing attention after topping quarterly expectations. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Drawing Attention After Topping Quarterly Expectations.

5. FLEETCOR Technologies, Inc. (NYSE:FLT)

Number of Hedge Fund Holders: 31

Shares of FLEETCOR Technologies, Inc. (NYSE:FLT) rose to a nearly four-month high on Wednesday, February 9, 2022, after announcing better-than-expected financial results for the fourth quarter.

FLEETCOR Technologies, Inc. (NYSE:FLT) reported adjusted earnings of $3.72 per share, up from $3.01 per share in the year-ago period. Revenue for the quarter jumped 30 percent versus last year to $802.3 million. The results topped analysts’ average estimate of $3.60 per share for earnings and $766.8 million for revenue.

The business payments company also released its financial outlook for 2022. FLEETCOR Technologies, Inc. (NYSE:FLT) expects adjusted earnings in the range of $15 – $15.5 per share and revenue between $3.190 – $3.250 billion for the current fiscal year.