Back to top

Analyst Blog

On Feb 23, Zacks Investment Research upgraded CoreLogic, Inc. (CLGX - Snapshot Report) to a Zacks Rank #1 (Strong Buy).    
Why the Upgrade?

CoreLogic delivered a strong fourth-quarter performance with a positive earnings surprise of 12.5%. The solid performance came on the back of an increase in revenue, profit margins and share repurchases. Furthermore, the company had cost reductions related to its previously announced Project 30 program, which were approximately $62.2 million in 2012.

CoreLogic reported fourth-quarter results on Feb 21. Non-GAAP earnings per share came in at 36 cents per share, surpassing the Zacks Consensus Estimate by 12.5%. It was 140% ahead of the year-ago earnings.  

Moreover, this consultant delivered positive earnings surprises in all the 4 quarters with an average beat of 16.7%. The expected long-term earnings growth rate for this stock is 15%.    

The board of CoreLogic, in Dec 2012, approved a new share buyback program, which enables it to repurchase up to $250 million worth of shares. Moreover, in an effort to solidify its position as a leading provider of geo-spatial property data and analytics, the company took over Middletown, Conn.-based CDS Business Mapping, LLC for $78 million in Dec 2012.

The Zacks Consensus Estimate for 2013 is currently pegged at $1.67 per share, 8.1% higher on a year-over-year basis.

Other Stocks to Consider

Apart from CoreLogic, other stocks in the consulting segment that are currently performing well and are worth considering include CRA International Inc. (CRAI - Analyst Report) and Towers Watson & Co. (TW - Snapshot Report), both carrying a Zacks Rank #1 (Strong Buy) and Navigant Consulting Inc. (NCI - Analyst Report) with a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UNITED THER… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%
STRATTEC SE… STRT 80.24 +3.00%