Black Knight Posts Q1 Beat; Guides FY18 EPS

Black Knight (BKI) rose marginally in Monday’s late trading after the company reported financial results for Q1, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2018 in line with Street forecasts.

The provider of software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital market verticals posted adjusted earnings of $0.43 per share, compared with the prior-year period’s $0.30 per share. Analysts polled by Capital IQ were expecting EPS of $0.40.

Revenue was $270.3 million, up from $258.1 million in the same quarter last year. The Street view is for revenue of $267.9 million.

The company expects fiscal 2018 EPS of $1.73 – $1.81 on revenue of $1.102 billion – $1.122 billion. The Street view is for EPS of $1.78 on revenue of $1.12 billion.

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