Corelogic (NYSE:CLGX) Issues FY 2020 Pre-Market Earnings Guidance

Corelogic (NYSE:CLGX) updated its FY 2020
Pre-Market earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 3.50-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.93. The company issued revenue guidance of $1.55-1.575 billion, compared to the consensus revenue estimate of $1.93 billion.Corelogic also updated its FY 2021
Pre-Market guidance to 4.00-4.20 EPS.

A number of equities research analysts have weighed in on the company. Compass Point downgraded Corelogic from a buy rating to a neutral rating in a report on Friday, July 24th. Barclays lifted their target price on Corelogic from $70.00 to $73.00 and gave the stock an equal weight rating in a report on Friday, October 9th. Oppenheimer reiterated a hold rating on shares of Corelogic in a report on Thursday, July 23rd. Wolfe Research lifted their target price on Corelogic from $70.00 to $73.00 and gave the stock a peer perform rating in a report on Wednesday, July 8th. Finally, Robert W. Baird lifted their target price on Corelogic from $52.00 to $55.00 and gave the stock a neutral rating in a report on Friday, June 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. Corelogic has an average rating of Hold and a consensus price target of $60.00.

Shares of Corelogic stock opened at $68.68 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.68 and a current ratio of 1.68. Corelogic has a 52 week low of $24.69 and a 52 week high of $69.87. The stock has a 50 day moving average price of $67.30 and a two-hundred day moving average price of $56.36. The stock has a market capitalization of $5.46 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 1.67 and a beta of 1.25.

Corelogic (NYSE:CLGX) last announced its earnings results on Thursday, July 23rd. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.18. The company had revenue of $477.46 million for the quarter, compared to analysts’ expectations of $463.31 million. Corelogic had a return on equity of 25.08% and a net margin of 8.09%. Corelogic’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Research analysts forecast that Corelogic will post 3.44 EPS for the current year.

About Corelogic

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

Further Reading: Example of operating income, EBIT and EBITDA

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