CoreCard (NYSE:CCRD) Updates FY 2025 Earnings Guidance

CoreCard (NYSE:CCRD) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.880-0.940 for the period, compared to the consensus EPS estimate of 0.620. The company issued revenue guidance of $60.0 million-$64.0 million, compared to the consensus revenue estimate of $57.0 million. CoreCard also updated its Q4 2024 guidance to 0.070-0.090 EPS.

CoreCard Price Performance

Shares of CoreCard stock traded up $0.72 during trading on Thursday, hitting $14.70. The stock had a trading volume of 22,458 shares, compared to its average volume of 38,989. The business has a fifty day moving average of $13.97 and a two-hundred day moving average of $13.41. CoreCard has a fifty-two week low of $10.02 and a fifty-two week high of $21.75. The firm has a market cap of $117.95 million, a P/E ratio of 73.58 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.08 and a quick ratio of 5.08.

CoreCard (NYSE:CCRD) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $12.13 million. CoreCard had a net margin of 3.03% and a return on equity of 4.87%. During the same quarter in the previous year, the company posted $0.22 EPS. On average, sell-side analysts expect that CoreCard will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley cut CoreCard from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $15.00 in a report on Thursday, October 3rd.

CoreCard Company Profile

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.