Credit scoring and analytics company FICO (NYSE: FICO) will be announcing earnings results this Tuesday after market close. Here’s what to look for.
Fair Isaac Corporation beat analysts’ revenue expectations last quarter, reporting revenues of $512 million, up 16.4% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly.
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 27.1% year on year, improving from the 15% 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 to stay the course heading into earnings. Fair Isaac Corporation rarely misses Wall Street’s revenue estimates.
Looking at Fair Isaac Corporation’s peers in the professional services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. SS&C delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 1.1%, and Equifax reported revenues up 14.3%, topping estimates by 2%. SS&C traded down 4% following the results while Equifax was also down 10%.
Read our full analysis of SS&C’s results here and Equifax’s results here.
There has been positive sentiment among investors in the professional services segment, with share prices up 13.2% on average over the last month. Fair Isaac Corporation is down 4.3% during the same time and is heading into earnings with an average analyst price target of $1,642 (compared to the current share price of $1,003).
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