The 10-second takeaway
For the quarter ended March 31 (Q1), CoreLogic beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share contracted significantly.
Gross margins grew, operating margins improved, net margins dropped.
CoreLogic chalked up revenue of $358.1 million. The four analysts polled by S&P Capital IQ looked for a top line of $341.5 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $404.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.29. The four earnings estimates compiled by S&P Capital IQ predicted $0.23 per share. GAAP EPS of $0.15 for Q1 were 25% lower than the prior-year quarter's $0.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.1%, 780 basis points better than the prior-year quarter. Operating margin was 12.6%, 530 basis points better than the prior-year quarter. Net margin was 4.6%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $359.0 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $1.41 billion. The average EPS estimate is $1.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 171 members out of 206 rating the stock outperform, and 35 members rating it underperform. Among 69 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give CoreLogic a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CoreLogic is outperform, with an average price target of $18.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.