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.Fool contributor Alex Planes has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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