CoreCard (NYSE:CCRD) Updates Q4 2024 Earnings Guidance

by · The Cerbat Gem

CoreCard (NYSE:CCRD – Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.070-0.090 for the period, compared to the consensus earnings per share estimate of 0.170. The company issued revenue guidance of $13.3 million-$13.7 million, compared to the consensus revenue estimate of $13.0 million. CoreCard also updated its FY 2025 guidance to 0.880-0.940 EPS.

CoreCard Stock Up 3.8 %

Shares of CoreCard stock traded up $0.57 during midday trading on Friday, hitting $15.59. The company’s stock had a trading volume of 45,570 shares, compared to its average volume of 20,898. The firm has a market capitalization of $125.09 million, a P/E ratio of 31.82 and a beta of 0.39. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $14.05 and a 200-day simple moving average of $13.46. CoreCard has a 1-year low of $10.02 and a 1-year high of $17.64.

CoreCard (NYSE:CCRD – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $13.80 million during the quarter, compared to the consensus estimate of $12.13 million. CoreCard had a return on equity of 7.67% and a net margin of 7.32%. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, sell-side analysts expect that CoreCard will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Thursday, October 3rd.

View Our Latest Research Report on CoreCard

About CoreCard

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CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.

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