Fair Isaac Corp. (FICO) Announces Quarterly Earnings, Beats Expectations By $0.10 EPS
Fair Isaac Corp. (NASDAQ:FICO) announced its earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.10, ARN reports. The company had revenue of $184.30 million for the quarter, compared to the consensus estimate of $200.00 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was down 3.0% on a year-over-year basis.
Shares of Fair Isaac Corp. (NASDAQ:FICO) opened at 60.00 on Thursday. Fair Isaac Corp. has a one year low of $41.33 and a one year high of $63.48. The stock’s 50-day moving average is $60.22 and its 200-day moving average is $55.29. The company has a market cap of $2.074 billion and a P/E ratio of 24.17.
A number of analysts have recently weighed in on FICO shares. Analysts at Barclays raised their price target on shares of Fair Isaac Corp. from $60.00 to $65.00 in a research note to investors on Friday, January 17th. They now have an “equal weight” rating on the stock. On a related note, analysts at Zacks upgraded shares of Fair Isaac Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $64.00 price target on the stock.
Fair Isaac Corporation (NASDAQ:FICO) provides products and services that enable businesses to automate, improve and connect decisions to enhance business performance.
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