Why CoreLogic Shares Climbed Higher
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of CoreLogic are up more than 15% today after the company came through with a strong earnings report.
So what: The property-information aggregator and analytics company reported third-quarter revenue of $405.5 million, which beat the Street's $398.5 million consensus. Its $0.48 in adjusted earnings also came in ahead of Wall Street's $0.42 consensus. However, CoreLogic's full-year guidance of $1.70-$1.80 in earnings per share is a bit disappointing, as analysts had sought $1.80 in EPS.
Now what: CoreLogic is reaching for all-time highs today after its earnings report. However, its valuation isn't out of line with historical norms, and the company appears to be headed in the right direction. CoreLogic has a history of wild swings in earnings, and its full-year estimate is at the high end of this roller-coaster ride. It might be worth a closer look, but I'd tread cautiously after today's big pop.
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The article Why CoreLogic Shares Climbed Higher originally appeared on Fool.com.
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