Fair Isaac (FICO) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Fair Isaac (FICO) reported revenue of $447.85 million for the quarter ended June 2024, reflecting a year-over-year increase of 12.3% [1] - Earnings per share (EPS) for the quarter was $6.25, up from $5.66 in the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $448.53 million, resulting in a revenue surprise of -0.15% [1] - The EPS fell short of the consensus estimate of $6.37, leading to an EPS surprise of -1.88% [1] Revenue Breakdown - On-premises and SaaS software revenue was $183.79 million, compared to the average estimate of $184.70 million, marking a year-over-year increase of 6.8% [3] - Scores revenue reached $241.45 million, exceeding the average estimate of $240.70 million, with a year-over-year growth of 19.7% [4] - Professional Services revenue was $22.61 million, slightly above the average estimate of $22.45 million, but showed a year-over-year decline of 9% [5] - Overall software revenue was reported at $206.40 million, compared to the estimated $207.15 million [6] Stock Performance - Fair Isaac's shares have returned +3.9% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [6] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [6]