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Corpay Earnings Preview: What to Expect
With a market cap of $23.6 billion, Atlanta, Georgia-based Corpay, Inc. (CPAY) is a global payments company. The company provides a wide range of payment solutions that help businesses and consumers manage vehicle, lodging, and corporate expenses across the U.S. and internationally. CPAY is expected to announce its fiscal Q2 2025 earnings results after the market closes on Wednesday, Aug. 6. Ahead of this event, analysts expect Corpay to report a profit of $4.79 per share, up 12.4% from $4.26 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Dear Tesla Stock Fans, Mark Your Calendars for July 23 Robinhood Keeps Hitting New Highs. How Should You Play HOOD Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For fiscal 2025, analysts expect the provider of fuel card and payment products for businesses to report an EPS of $19.87, an increase of 12.1% from $17.73 in fiscal 2024. Moreover, EPS is anticipated to grow 16.1% year-over-year to $23.07 in fiscal 2026. Shares of Corpay have gained 12.6% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 12.7% rise and the Financial Select Sector SPDR Fund's (XLF) 19.8% return over the same period. Despite reporting a better-than-expected Q1 2025 adjusted EPS of $4.51 on May 6, shares fell marginally the next day. Vehicle payments revenue declined to $487.1 million, and lodging payments dropped to $110.2 million, raising concerns about demand softness. Additionally, while 2025 revenue guidance was raised to $4.4 billion - $4.5 billion, the midpoint of EPS guidance ($21) slightly trailed the consensus, tempering investor enthusiasm. Analysts' consensus view on Corpay's stock is cautiously optimistic, with a "Moderate Buy" rating overall. Among 18 analysts covering the stock, 11 recommend "Strong Buy," two "Moderate Buys," and five suggest "Hold." As of writing, the stock is trading below the average analyst price target of $391.93. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
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Comerica Reports Second Quarter 2025 Earnings Results
DALLAS, July 18, 2025 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) has reported its second quarter 2025 financial results. The results are available on the Investor Relations section of Comerica's website here. In addition, the financial results and earnings presentation will be furnished on a Form 8-K filing that will be available on the Securities and Exchange Commission website at As previously announced, Comerica will host a conference call to review the second quarter 2025 financial results. Interested parties may access the call and supplemental materials through the following details: DATE: Friday, July 18, 2025 TIME: 7 a.m. CT / 8 a.m. ET PARTICIPANT DIAL-IN: (877) 484-6065 OR (201) 689-8846 WEBCAST / PRESENTATION: The live audio webcast, earnings release and earnings presentation will be available on the Investor Relations Presentations and Events page on Comerica's presentation may include forward looking statements and may discuss or disclose material business, financial or other information not contained in the conference presentation, financial results, earnings presentation, or in other prior disclosure. REPLAY INFORMATION: A replay (accessible for one year) of the call is expected to be available approximately one hour after the live webcast on the Investor Relations Presentations and Events page on Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $78.0 billion at June 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting and follow us on Facebook, X, Instagram and LinkedIn. View original content to download multimedia: SOURCE Comerica Incorporated Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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17 minutes ago
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Why GM Spring Hill is changing up how it produces EV batteries
General Motors' Spring Hill plant will begin producing cheaper battery cells as part of the company's ongoing multibillion dollar joint-venture with South Korean-based LG Energy Solution. The announcement is the latest stepping stone of a 2021 $2.3 billion partnership dubbed Ultium Cells. The low-cost battery cells are known as lithium iron phosphate (LFP). Named after the elemental compounds involved, LFPs are cheaper than other battery cell counterparts used in electric vehicles. 'At GM, we're innovating battery technology to deliver the best mix of range, performance and affordability to our EV customers,' Kurt Kelty, VP of batteries, propulsion, and sustainability at GM, said in a press release. 'This upgrade at Spring Hill will enable us to scale production of lower cost LFP cell technologies in the U.S., complementing our high-nickel and future lithium manganese rich solutions and further diversifying our growing EV portfolio.' Touted for its longer range between charges and reliability in low temperatures, high-nickel battery cells continue to dominate the U.S. market. Despite high-nickel's advantages, EV manufacturers are beginning to favor LFPs for its lower costs and non-combustibility. With the majority of LFP production based in China, a host of EV manufacturers are planning to onshore LFP manufacturing to create supply chain security. While LG Energy Solution has major LFP production sites in Holland, Michigan, and now Spring Hill, other soon-to-be LFP manufacturers include Tesla and Ford who plan to build production sites in Nevada and Michigan, respectively. The Spring Hill plant employs 1,300 people and expects to begin producing the battery cells by late 2027. 'We are grateful for the continued partnership and support we've received from the state of Tennessee as we continue to advance our lead in EV battery cell manufacturing,' President and CEO of Ultium Cells Kee Eun said in a statement. 'This investment expands our capabilities beyond a single battery cell chemistry, allowing us to produce new chemistries alongside our existing cells. 'Expanding our product portfolio ensures Ultium Cells will remain at the forefront of battery cell innovation and sustain our commitment to be a stable, long-term employer for the communities we serve.' The Ultium Cells plant in Warren, Ohio, will continue to produce battery cells with nickel cobalt manganese aluminum chemistry. This article originally appeared on Nashville Tennessean: General Motors plans to produce cheaper EV batteries in 2027 Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
