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CoreLogic (CLGX) to Post Q4 Earnings: What's in the Offing?

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CoreLogic, Inc.’s (CLGX - Free Report) fourth-quarter 2020 earnings are expected to have increased while revenues are likely to have declined year over year.

The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 6.7%.

Q4 Expectations

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $418.2 million, indicating 1.9% decline from the year-ago reported figure. Coronavirus-led weakness in Property Intelligence & Risk Management Solutions segment, and lower valuation solutions revenues in Underwriting & Workflow Solutions segment due to the AMC transformation program are expected to have weighed on the top line.

Operating leverage, better business mix and cost productivity are likely to have benefited the bottom line, the Zacks Consensus Estimate for which is pegged at $1.47, indicating year-over-year increase of 90.9%.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for CoreLogic this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

CoreLogic has an Earnings ESP of 0.00% and currently carries a Zacks Rank #3.

You can see the complete list of today’s Zacks #1 Rank stocks here.

CoreLogic, Inc. Price and EPS Surprise

Performance of Some Other Business Services Companies

Rollins(ROL) fourth-quarter 2020 adjusted earnings of 13 cents per share came ahead of the consensus estimate as well as the year-ago figure by 18.2%. Revenues of $536.3 million beat the consensus mark by 1.7% and improved 6% year over year.

IHS Markit’s (INFO - Free Report) fourth-quarter fiscal 2020 adjusted earnings per share of 72 cents beat the Zacks Consensus Estimate by 7.5% and increased 11% on a year-over-year basis. Total revenues came in at $1.11 billion, marginally missing the consensus mark and declining 1% from the year-ago quarter on a reported basis.

Automatic Data Processing’s (ADP - Free Report) second-quarter fiscal 2021 adjusted earnings per share of $1.52 beat the consensus mark by 17.8% and were flat year over year. Total revenues of $3.69 billion beat the consensus mark by 3.2% and improved 0.7% year over year.

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