FICO Plunges 17% After Full-Year Guidance Misses Across the Board
FICO sits 31% above its 52-week low of $870.01.
Summary
FICO shares are down 16.9% to $1,140.69, on track for their worst day in over a year, after the company issued full-year guidance below consensus. The Q3 beat on EPS ($12.18 vs. $11.76) and a revenue miss ($674.2M vs. $679.2M) were overshadowed by the outlook: full-year adjusted EPS guidance of $42.43 fell short of the $43.09 consensus, and revenue guidance of $2.53B missed the $2.56B estimate. This follows yesterday's 8-K and news reports that highlighted raised guidance, but the market is reacting to the shortfall versus expectations. The selloff is among the worst in the S&P 500 today, reflecting disappointment after a strong run in the stock. With the $1.5B accelerated share repurchase already executed, the focus shifts to whether the mortgage origination pricing tailwind can sustain growth into fiscal 2027.
At the time of this announcement, FICO was trading at $1,140.57 on NYSE in the Technology sector, with a market capitalization of approximately $26.5B. The 52-week trading range was $870.01 to $1,998.01. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.