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CoreCard (CCRD)
NYSE:CCRD
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.09Last Year’s EPS
0.06Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 60.80%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and improved operational performance, alongside extended agreements and positive forward guidance. However, concerns remain about auditor changes, flat full-year revenue expectations, and dependence on major clients.Company Guidance
During the CoreCard Third Quarter 2024 Earnings Conference Call, significant guidance metrics were discussed for both the current and upcoming fiscal years. Total revenue for Q3 2024 was reported at $15.7 million, representing a 17% year-over-year increase, with notable contributions from license revenue of $1.4 million, professional services revenue of $7 million, and processing and maintenance revenue of $6.1 million. Revenue growth, excluding the largest customer, was 7%, and an impressive 30% when excluding both the largest customer and impacts from ParkMobile and legacy Kabbage business. For the full year 2024, revenue growth excluding these factors is expected to be between 25% and 30%, surpassing prior guidance of 15% to 20%. Income from operations rose to $2.8 million, significantly up from $0.4 million the previous year, while the operating margin improved to 18% from 3%. Third quarter adjusted EBITDA reached $3.9 million, an increase from $1.9 million in Q3 2023. Looking ahead, CoreCard expects Q4 2024 revenues between $13.3 million and $13.7 million, with EPS projected between $0.07 and $0.09. For 2025, guidance includes total revenue between $60 million and $64 million, EPS between $0.88 and $0.94, and revenue growth excluding Goldman Sachs estimated at 30% to 40%.Revenue Growth
Total revenue for Q3 2024 was $15.7 million, a 17% increase year-over-year. Revenue growth, excluding the largest customer, was 30% year-over-year and is expected to be 25% to 30% for the full year, above the previously guided range of 15% to 20%.
Improved Operating Margin
Income from operations was $2.8 million for Q3 2024, compared to $0.4 million in the same period last year. The operating margin increased to 18% from 3% last year.
Strong Earnings Growth
Earnings per diluted share for Q3 2024 were $0.27 compared to a loss per share of $0.03 in Q3 2023. Adjusted diluted EPS was $0.30 compared to $0.09 last year.
Positive Adjusted EBITDA
Adjusted EBITDA was $3.9 million for Q3 2024, compared to $1.9 million in the same period last year.
Extended Agreement with Goldman Sachs
The agreement with Goldman Sachs was extended through December 31, 2030, providing increased visibility on revenues and managed services fees.
Forward Guidance for 2025
Guidance for 2025 includes total revenue between $60 million and $64 million, with earnings per share between $0.88 and $0.94 and revenue growth excluding Goldman of 30% to 40%.
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CCRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CCRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $13.98 | $15.02 | +7.44% |
| Aug 01, 2024 | $11.90 | $12.28 | +3.19% |
| May 02, 2024 | $12.10 | $12.71 | +5.04% |
| Feb 14, 2024 | $12.39 | $11.62 | -6.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CoreCard (CCRD) report earnings?
CoreCard (CCRD) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is CoreCard (CCRD) earnings time?
CoreCard (CCRD) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CCRD EPS forecast?
CCRD EPS forecast for the fiscal quarter 2024 (Q4) is 0.09.
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