CoreCard (NYSE:CCRD) Releases FY 2025 Earnings Guidance

CoreCard (NYSE:CCRD) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.880-0.940 for the period, compared to the consensus earnings per share 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 Stock Performance

NYSE CCRD traded up $0.57 during trading hours on Friday, reaching $15.59. 45,570 shares of the company were exchanged, compared to its average volume of 20,898. 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 market capitalization of $125.09 million, a P/E ratio of 31.82 and a beta of 0.39. CoreCard has a 1 year low of $10.02 and a 1 year high of $17.64. The business’s 50 day simple moving average is $14.05 and its 200-day simple moving average is $13.46.

CoreCard (NYSE:CCRD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates 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 7.32% and a return on equity of 7.67%. During the same quarter in the previous year, the firm posted $0.22 EPS. On average, equities research analysts expect that CoreCard will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded shares of CoreCard from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a research note on Thursday, October 3rd.

About CoreCard

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.