2.37% +27.66

Fair, Isaac Corp. (FICO)

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Why is Fair, Isaac Corp. (FICO) Stock down?

We've noticed a 6.94% decline in Fair, Isaac Corp. (FICO) stock during the 2024-04-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

26 Jan, 2024:

Fair, Isaac Corp. (FICO) stock dropped by 6.85% due to following the release of its Q1 fiscal 2024 earnings report. Although the company reported earnings of $4.81 per share, reflecting a 13% year-over-year increase, it fell slightly short of expectations.

Revenues for the quarter reached $382.1 million, indicating a 10.8% growth compared to the previous year but still lagging behind consensus estimates.
In terms of regional contributions, the Americas accounted for 85% of total revenues, while EMEA and Asia Pacific contributed 9% and 6%, respectively. The report highlighted segment-specific revenue performance, with mortgage originations revenue surging by 188%, auto originations revenue declining by 3% year-over-year, and credit card and personal loan revenue dropping by 5%.
In addition, FICO provided guidance for fiscal 2024, with revenue expected to reach $1.675 billion and non-GAAP earnings projected at $22.45 per share for the fiscal year. Despite the stock decline, FICO's shares have shown resilience, outperforming the Computer & Technology sector with a year-to-date gain of 47% compared to the sector's 38.4% increase.

24 Oct, 2023:

Shares of Fair Isaac Corporation (FICO) dropped by 7.02% from $927.19 to $862.12 in the trading on Tuesday, October 24, 2023. The reason why FICO stock down is due to the drop in TransUnion (TRU) shares, which plummeted by 24.8%. This decline follows TransUnion's announcement of weaker-than-expected third-quarter financial results and revised guidance. TransUnion missed earnings estimates at 91 cents per share (vs. 94 cents) and sales at $968.70 million (vs. $982.27 million). They also lowered 2023 revenue and earnings projections.