CoreCard Corp reports results for the quarter ended in June - Earnings Summary

CoreCard

01/08/2024 14:54

* CoreCard Corp  CCRD.N  reported quarterly adjusted
earnings of
15 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 22
cents.  The lone analyst forecast for the quarter was
for earnings of 7 cents per share. 
    * Revenue fell 12.1% to $13.80 million from a year ago;
analysts
expected $12.13 million. 
    * CoreCard Corp's reported EPS for the quarter was 11
cents​.
    * The company reported quarterly net income of $896
thousand.
    * CoreCard Corp shares had fallen by 18.4% this quarter and
lost 14.0% so far this year.

FORECAST CHANGES
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for CoreCard Corp is
$19.00 
This summary was machine generated from LSEG data August 1 at
01:54 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.07           0.15           Beat
                   0.02           0.07           Beat
 Dec. 31 2023      0.01           0.06           Beat
 Sep. 30 2023      0.11           0.09           Missed