Fair IsaacNYSE: FICO

LONDON--(BUSINESS WIRE)--(International Fraud Awareness Week) – A new product from FICO, a global leader in analytics, and Jersey Telecom (JT) won the Best Anti-Fraud Solution award at the Credit & Collections Technology Awards on November 7 in Manchester. The FICO® Customer Communications Service Scam Signal solution uses phone signals to identify possible scams. This solution, which is currently available in the UK and will soon be launched in Spain, also received a silver award at the Datos Insights awards.

MADRID--(BUSINESS WIRE)--FICO, a leading global analytics software company, has published the findings of its survey on real-time payments (RTP). The survey reveals that 80% of consumers in Spain have received a suspicious text, email, or phone call, which is an increase of 4% compared to last year. FICO's research indicates that scams involving RTP are becoming more common in Spain, both in terms of number and frequency.

I have a hold rating on FICO because its valuation seems high, even though the company has solid fundamentals and strong growth in its Scores and Software divisions. In the fourth quarter, Fair Isaac's revenue increased by 16.4% compared to last year, with Scores revenue rising by 27.4% and Software revenue by 5.4%. While there is still potential for growth, the high forward PE ratio of 70x makes it hard to support a positive outlook.

LONDON--(BUSINESS WIRE)--(International Fraud Awareness Week) — A recent study involving 12,000 consumers from 14 countries, conducted by FICO, highlights the importance for banks to improve their approach to balancing customer satisfaction with fraud prevention, especially as real-time payments (RTP) become more common. The survey revealed that 26% of UK consumers have reported either real or suspected scam losses to their bank. For more details, visit: https://www.fico.com/en/latest-thinking/ebo.

FICO's results for the fourth quarter of fiscal 2024 show an increase in revenue due to more mortgage originations.

While the revenue and earnings per share (EPS) for Fair Isaac (FICO) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Fair Isaac (FICO) reported quarterly earnings of $6.54 per share, which is lower than the Zacks Consensus Estimate of $6.60 per share. This is an increase from last year's earnings of $5.01 per share.

Fair Isaac (FICO) has strong growth characteristics that may enable it to significantly exceed market performance.

Fair Isaac's performance in the fourth quarter of fiscal 2024 probably improved due to the strong growth in its scores and software divisions.