FICO(US:FICO) ZACKSยท2024-07-29 17:16Company Performance - Fair Isaac Corporation (FICO) is expected to report strong fiscal third-quarter 2024 results, benefiting from growth in scores and software solutions, with scores revenues estimated at $241 million, reflecting a 19.3% year-over-year increase [3] - The consensus estimate for FICO's on-premises and SaaS software revenues is $185 million, indicating a 7.55% year-over-year increase [4] - FICO's software business is anticipated to benefit from its "land-and-expand" strategy, with positive trends in Annual Recurring Revenue (ARR) and Net Revenue Retention (NRR) [10] Earnings Estimates - The consensus mark for FICO's earnings is set at $6.37 per share, which has decreased by a penny over the past 30 days [2] - FICO has an Earnings ESP of -1.83% and a Zacks Rank of 4 (Sell), indicating a lower likelihood of an earnings beat [5][18] Market Trends - The Scores segment, particularly in mortgage originations, continues to show robust growth, driven by the adoption of FICO Score 10T for non-conforming mortgages [16] - The company is investing heavily in innovation, with advancements showcased at the recent FICO World event, including an open API framework and a FICO marketplace, expected to enhance customer satisfaction and usage [17] Other Companies - Apple (AAPL) is set to report its third-quarter fiscal 2024 results on August 1, with shares gaining 13.2% year to date and a revenue estimate of $448.53 million, suggesting a 12.5% increase from the previous year [7][8] - Shopify (SHOP) is scheduled to report its second-quarter 2024 results on August 7, with shares declining 23.1% year to date and an Earnings ESP of +7.78% [11][19] - Cognizant Technology Solutions (CTSH) has an Earnings ESP of +0.09% and is set to report second-quarter 2024 results on July 31 [12][21]