Credit scoring and analytics company FICO (NYSE:FICO) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Fair Isaac Corporation met analysts’ revenue expectations last quarter, reporting revenues of $515.8 million, up 13.6% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations and a slight miss of analysts’ ARR estimates.
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, analysts are expecting Fair Isaac Corporation’s revenue to grow 14.3% year on year to $502.7 million, in line with the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $7.08 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fair Isaac Corporation has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Fair Isaac Corporation’s peers in the professional services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Brown & Brown delivered year-on-year revenue growth of 36%, missing analysts’ expectations by 2.2%, and Booz Allen Hamilton reported a revenue decline of 10.2%, falling short of estimates by 3.8%. Booz Allen Hamilton traded down 1.9% following the results.
Read our full analysis of Brown & Brown’s results here and Booz Allen Hamilton’s results here.
Investors in the professional services segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Fair Isaac Corporation is down 12.5% during the same time and is heading into earnings with an average analyst price target of $2,034 (compared to the current share price of $1,552).
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