Fair Isaac Declares Preliminary Q4 Results


Shares of Fair Isaac Corporation (FICO) fell around 4.6% to close at $54.67 on Oct 14 as it declared its preliminary fourth-quarter results ended Sep 30, 2013.  

The company expects to report fiscal 2013 revenues in the range of $741 million–$743 million, down from $755 million–$765 million projected earlier. Moreover, Fair Isaac expects GAAP earnings per share (EPS) for fiscal 2013 to be between $2.47 and $2.51, lower than its previous full-year earnings guidance range of $2.61 to $2.70.

Concurrently, the company announced that it expects GAAP revenues for fourth-quarter fiscal 2013 to be in the range of $188 million–$190 million. GAAP EPS for the fourth quarter are anticipated to be in the range of 77 cents–81 cents, which is below the current Zacks Consensus Estimate of 97 cents.

The company has cited delays in application license sales to North American banks as one of the reasons for its weaker-than-expected results. The company will be reporting its actual results for the fourth quarter after the closing bell on Oct 30.

Fair Isaac is a leading predictive analytics and decision management software firm. The company’s analytics software has helped various industries to offset risks, avoid frauds, make profitable decisions and maintain good relations with customers. The company uses open-source standards and cloud computing to reduce costs and speed up the working process.

Fair Isaac currently carries a Zacks Rank #3 (Hold). Better-placed companies in the computer and technology sector include EPAM Systems, Inc. (EPAM), Alliance Fiber Optic Products Inc. (AFOP) and Ciena Corp. (CIEN). While Alliance Fiber and Ciena Corp. carry a Zacks Rank #1 (Strong Buy), EPAM has a Zacks Rank #2 (Buy).

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