Fair Isaac Sees FY24 EPS $22.45 Vs $20.06 Est.; Revenue $1.675B Vs $1.52B Est.
Portfolio Pulse from Benzinga Newsdesk
Fair Isaac Corporation (FICO) has provided its fiscal 2024 guidance, forecasting EPS of $22.45, higher than the estimated $20.06, and revenue of $1.675 billion, surpassing the estimated $1.52 billion. The company expects GAAP net income of $490 million and non-GAAP net income of $566 million.
November 08, 2023 | 9:28 pm
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POSITIVE IMPACT
Fair Isaac's higher than expected FY24 EPS and revenue guidance may positively impact its stock price in the short term.
Companies that provide higher than expected earnings and revenue guidance often see a positive reaction in their stock price as this indicates potential future growth. Therefore, Fair Isaac's stock price may increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
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