Black Knight Inc. (BKI) Tops Q4 EPS by 3c, Slight Beat on Revenues; Offers FY19 EPS/Revenue Guidance Below Consensus

Black Knight Inc. (NYSE: BKI) reported Q4 EPS of $0.50, $0.03 better than the analyst estimate of $0.47. Revenue for the quarter came in at $285.4 million versus the consensus estimate of $285.12 million.

Black Knight Executive Chairman Bill Foley said, "2018 was another strong year for Black Knight, as we consistently executed against our long-term strategic initiatives to drive organic growth. We continued our success in cross-selling to existing clients, winning new clients in existing markets and delivering innovative new solutions. We are excited and optimistic about our growth opportunities in 2019 and beyond, as we continue to drive our company forward and deliver long-term value for our shareholders."

"For the fourth quarter and full year, Adjusted Revenues increased by 6%. For the fourth quarter, Adjusted EBITDA increased by 6%, resulting in an Adjusted EBITDA margin of 49.0%. For the year, Adjusted EBITDA increased by 7%, resulting in margin expansion of 70 basis points to 48.6%,\" added Black Knight Chief Executive Officer Anthony Jabbour. "I am pleased with our accomplishments in 2018, which were focused on delivering innovative solutions for our clients while delivering strong financial performance. I am excited about the momentum in the underlying business and look forward to another strong year in 2019."

GUIDANCE:

Black Knight Inc. sees FY2019 EPS of $1.90-$2.00, versus the consensus of $2.04. Black Knight Inc. sees FY2019 revenue of $1.177-1.199 billion, versus the consensus of $1.2 billion.

For earnings history and earnings-related data on Black Knight Inc. (BKI) click here.

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