Fair Isaac: EPS übertrifft Schätzungen um 0,18 $ - Umsatz besser als erwartet from

Fair Isaac beats EPS estimates by $0.18, revenue beats

Key Takeaways

* Fair Isaac Corporation reported EPS of $8.22, beating estimates by $0.18. * Revenue for the quarter came in at $330.9 million, higher than the consensus estimate of $326 million. * The company raised its guidance for the full year, citing strong demand for its products.

Financial Results

Fair Isaac Corporation (NYSE: FICO) reported its financial results for the fourth quarter of fiscal 2023 on Thursday that topped analysts' estimates for earnings and revenue. The company said that it earned $164.4 million in the quarter that ended on January 31st, translating to $8.22 per share. In comparison, its net income was capped at a lower $123.3 million in the comparable period of last year or $5.86 per share. Adjusted for one-time items, the financial technology company earned $8.40 per share in Q4 that represents a 13% annualised growth. Fair Isaac Corporation valued its adjusted EBITDA for the recent quarter at $206.4 million that represents a 7% year over year increase. In terms of revenue, the New York-headquartered firm posted a 15% increase in the fourth quarter to $330.9 million that topped the FactSet consensus of $326 million. According to CEO Will Lansing:

“These strong F4Q23 results reflect the value our customers place on the mission-critical nature of our solutions and services.”

Guidance

For the full financial year, Fair Isaac Corporation now forecasts its adjusted EPS to stand between $29.80 and $30.40. This range represents a 10% to 12% annualised growth. In comparison, analysts had forecast the company to post $29.75 of adjusted EPS in fiscal 2024. The American multinational also raised its guidance for revenue in the current financial year. It now expects between $1.27 billion and $1.28 billion of revenue in fiscal 2024, compared to $1.25 billion prior guidance.

Analyst Comments

Following the earnings report, Jefferies Financial Group reiterated Fair Isaac Corporation at ‘hold’ but raised its price target to $550 from $520. Rosenblatt Securities, on the other hand, upgraded the stock to ‘buy’ on Friday. Its price target of $650 suggests an over 40% upside from the current price. Fair Isaac Corporation performed slightly downbeat in the stock market on Thursday and tanked by about 2% in after-hours trading. At the time of writing, it is valued at $445 per share.