FICO Q3 Revenue Misses Slightly, But EPS Beats and Guidance Jumps
FICO sits 40% above its 52-week low of $870.01.
Summary
Fair Isaac's fiscal Q3 revenue rose 26% to $674.19M, just shy of the $678.87M consensus, while adjusted EPS of $12.18 beat the $11.74 estimate. The company raised its full-year revenue guidance to $2.53B from $2.45B and non-GAAP EPS to $42.43 from $40.45, following an earlier EPS guidance hike to $36.86 reported today. B2B scores revenue surged 49% on higher mortgage origination pricing, and platform software ARR jumped 62%. The slight top-line miss may temper enthusiasm, but the strong bottom-line beat and raised outlook reinforce the growth narrative. With shares trading at 26x forward earnings, the market will focus on whether mortgage origination strength can sustain the scores segment momentum.
At the time of this announcement, FICO was trading at $1,215.00 on NYSE in the Technology sector, with a market capitalization of approximately $31.8B. The 52-week trading range was $870.01 to $1,998.01. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.