Overview
CoreCard Q2 revenue rises 27% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 at $0.31, exceeding analyst estimates, per LSEG data
CoreCard to merge with Euronet Worldwide, closing expected late 2025
Outlook
CoreCard will not provide financial guidance due to pending Euronet merger
Result Drivers
PROFESSIONAL SERVICES - Revenue from professional services increased to $9.4 mln from $7.0 mln in Q2 2024
PROCESSING AND MAINTENANCE - Revenue from processing and maintenance rose to $6.6 mln from $5.7 mln in Q2 2024
THIRD PARTY REVENUE - Third party revenue grew to $1.6 mln from $1.1 mln in Q2 2024
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $17.60 mln | $16.40 mln (1 Analyst) |
Q2 Adjusted EPS | Beat | $0.31 | $0.27 (1 Analyst) |
Q2 EPS |
| $0.24 |
|
Q2 Net Income |
| $2 mln |
|
Q2 Income From Operations |
| $2.70 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the financial technology (fintech) peer group is "buy."
Wall Street's median 12-month price target for CoreCard Corp is $21.00, about 34.9% below its August 13 closing price of $28.32
Press Release: ID:nGNXb0DzS