CoreCard (NYSE:CCRD) Issues Q4 2024 Earnings Guidance

CoreCard (NYSE:CCRD) 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 Trading Up 3.8 %

Shares of NYSE CCRD traded up $0.57 during midday trading on Friday, reaching $15.59. 45,570 shares of the stock were exchanged, compared to its average volume of 20,898. 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 has a 12 month low of $10.02 and a 12 month high of $17.64. The business has a 50-day simple moving average of $14.05 and a two-hundred day simple moving average of $13.46. The company has a market capitalization of $125.09 million, a price-to-earnings ratio of 31.82 and a beta of 0.39.

CoreCard (NYSE:CCRD) last posted its earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. CoreCard had a return on equity of 7.67% and a net margin of 7.32%. The business had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $12.13 million. During the same period in the prior year, the business earned $0.22 EPS. As a group, equities research analysts expect that CoreCard will post 0.48 EPS for the current year.

Analysts Set New Price Targets

Separately, B. Riley lowered CoreCard from a “buy” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $15.00 in a research 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.