Free Post Earnings Research Report: Black Knight’s Revenue Grew 5%; Adjusted EPS Soared 40%

LONDON, UK / ACCESSWIRE / June 11, 2018 / If you want access to our free earnings report on Black Knight, Inc. (NYSE: BKI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BKI. Black Knight reported its first quarter fiscal 2018 operating and financial results on May 07, 2018. The provider of software, data and analytics solutions to the mortgage and consumer loan, real estate, and capital markets verticals outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

Black Knight’s revenues for the first quarter of 2018 increased 5% to $270.3 million from $258.1 million in the prior year’s corresponding quarter. The Company’s reported quarter adjusted revenues rose increased 5% to $271.2 million from $259.5 million in the prior year’s same quarter.

Net earnings attributable to Black Knight were $42.7 million, or $0.29 per diluted share, for Q1 2018 compared to $12.2 million, or $0.18 per diluted share, in Q1 2017. The Company’s adjusted net earnings for the reported quarter surged 42% to $0.43 per diluted share compared to $0.30 per diluted share in the prior year’s same quarter. Black Knight’s earnings surpassed Wall Street’s estimates of $0.03 per share.

Black Knight’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) rose 9% to $129.9 million for Q1 2018 from $119.4 million in Q1 2017. The Company’s adjusted EBITDA margin was 47.9%, an increase of 190 basis points compared to the prior year’s same quarter.

Black Knight’s Segment Information

During Q1 2018, the Software Solutions adjusted revenues jumped 5% to $233.6 million from $223.1 million in Q1 2017. The segment’s servicing software business had adjusted revenues growth of 7%, primarily driven by strong loan growth on its core servicing software solution from new and existing clients, price increases, and new client wins. Black Knight’s adjusted EBITDA increased 9% to $136.8 million from $125.4 million in Q1 2017, with an adjusted EBITDA margin of 58.6%, an increase of 240 basis points versus the prior year’s comparable quarter.

For Q1 2018, the Data and Analytics adjusted revenues grew 3% to $37.6 million from $36.4 million in Q1 2017, primarily driven by growth in the segment’s multiple listing service business and increased volumes in its tax and title data businesses. The segment’s adjusted EBITDA was $8.6 million compared to $6.9 million in Q1 2017, with an adjusted EBITDA margin of 22.9%, an increase of 390 basis points compared to the prior year’s same quarter.

Share Repurchase Program

As of March 31, 2018, Black Knight had cash and cash equivalents of $9.9 million and debt of $1.50 billion. As of March 31, 2018, the Company had available capacity of $363.5 million on its revolving credit facility.

During Q1 2018, Black Knight repurchased 3.0 million shares of common stock for $141.5 million, or an average price of $47.15 per share. As of March 31, 2018, the Company had approximately 3.8 million shares remaining under its share repurchase authorization.

Outlook

For full year 2018, Black Knight is forecasting revenues to be in the range of $1.10 billion to $1.12 billion, and adjusted revenues are expected to be in the band of $1.11 billion to $1.13 billion. The Company is expecting adjusted net earnings to be in the range of $1.73 to $1.81 per share and adjusted EBITDA is estimated to be in the range of $530 million to $545 million.

Stock Performance Snapshot

June 08, 2018 – At Friday’s closing bell, Black Knight’s stock slightly climbed 0.68%, ending the trading session at $51.95.

Volume traded for the day: 508.21 thousand shares.

Stock performance in the last month – up 4.74%; previous three-month period – up 7.11%; past six-month period – up 17.14%; and year-to-date – up 17.67%

After last Friday’s close, Black Knight’s market cap was at $7.75 billion.

Price to Earnings (P/E) ratio was at 77.31.

The stock is part of the Consumer Goods sector, categorized under the Paper & Paper Products industry. This sector was up 0.7% at the end of the session.

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