CoreCard (NYSE:CCRD) Updates Q4 2024 Earnings Guidance

CoreCard (NYSE:CCRD) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.070-0.090 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

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

CoreCard Stock Performance

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

CoreCard (NYSE:CCRD) last posted its earnings results on Thursday, August 1st. The company reported $0.11 earnings per share 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 for the quarter, compared to analyst estimates of $12.13 million. During the same period in the previous year, the firm earned $0.22 EPS. As a group, sell-side analysts anticipate that CoreCard will post 0.48 EPS for the current year.

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.