Black Knight Financial Services (BKFS) Reports In-Line Q1 EPS, Beat on Revenues; Positive FY EPS Guidance

Black Knight Financial Services (NYSE: BKFS) reported Q1 EPS of $0.30, in-line with the analyst estimate of $0.30. Revenue for the quarter came in at $258.1 million versus the consensus estimate of $256.39 million.

GUIDANCE:

Black Knight Financial Services sees FY2017 EPS of $1.34-$1.38, versus the consensus of $1.34.

Business Outlook

The following forward-looking statements reflect Black Knight’s expectations as of today's date. Given the number of risk factors, uncertainties and assumptions discussed below, actual results may differ materially. Black Knight does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.Black Knight’s full year 2017 outlook is as follows:

• Revenues and Adjusted Revenues growth are expected to be in the range of 3% to 5% (6% to 8% adjusting to reflect the Property Insight realignment as if it had taken place on January 1, 2016).
• Adjusted Net Earnings Per Share is expected to be in the range of $1.34 to $1.38.
• Adjusted EBITDA growth is expected to be in the range of 10% to 12%.

Highlights:

• Revenues increased 7% to $258.1 million, and Adjusted Revenues increased 6% to $259.5 million
• Net Earnings Attributable to Black Knight Financial Services, Inc. of $12.2 million, or $0.18 per diluted share, and Adjusted Net Earnings of $45.3 million, or $0.30 per diluted share
• Adjusted EBITDA increased 8% to $119.4 million, with an Adjusted EBITDA Margin of 46.0%

For earnings history and earnings-related data on Black Knight Financial Services (BKFS) click here.

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