Credit scoring and analytics company FICO (NYSE: FICO) will be reporting earnings this Wednesday after market close. Here’s what to expect.
Fair Isaac Corporation missed analysts’ revenue expectations last quarter, reporting revenues of $674.2 million, up 25.7% year on year. It was a slower quarter for the company, with full-year revenue guidance slightly missing analysts’ expectations.
Is Fair Isaac Corporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Fair Isaac Corporation’s revenue to grow 26.1% year on year, improving from the 13.6% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Fair Isaac Corporation has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Fair Isaac Corporation’s peers in the data & business process services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. EXL delivered year-on-year revenue growth of 19.7%, beating analysts’ expectations by 3.2%, and CoStar reported revenues up 14.1%, topping estimates by 0.6%. EXL’s stock price was unchanged after the resultswhile CoStar was down 14%.
Read our full analysis of EXL’s results here and CoStar’s results here.
Investors in the data & business process services segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Fair Isaac Corporation is up 5.2% during the same time and is heading into earnings with an average analyst price target of $897.05 (compared to the current share price of $725.25).
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