On August 3rd, 2023, BLACK KNIGHT ($NYSE:BKI) reported their earnings results for the second quarter of the fiscal year 2023. Total revenue was USD 368.2 million, representing a 6.7% decrease from the same period of the previous year. Net income, however, increased by 37.2% from the prior year quarter, amounting to USD 55.3 million.
On Thursday, Black Knight Inc. reported record earnings for the second quarter of 2023. The company’s stock opened at $70.8 and closed at $70.6, up by 0.9% from its last closing price of 70.0. This marks an all-time high for Black Knight, a financial technology and data analytics company that specializes in the mortgage industry. The record earnings come as a result of strong performance in the mortgage servicing sector. This success is attributed to the company’s efforts at leveraging innovative technology to improve their services and to answer the increasingly complex needs of mortgage lenders.
In addition, Black Knight has also seen a surge in interest from potential investors as their stock continues to climb. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Black Knight. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Black Knight. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Black Knight. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
||Book Value Per Share
Key Ratios Snapshot
Some of the financial key ratios for Black Knight are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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GoodWhale undertook an analysis of BLACK KNIGHT‘s financials using the Star Chart tool, with the results demonstrating that BLACK KNIGHT has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to sustain future operations in times of crisis. Further, GoodWhale determined that BLACK KNIGHT is strong in liquidity, medium in growth, profitability and weak in assets and dividends. From this analysis, GoodWhale classified BLACK KNIGHT as a ‘rhino’, a type of company which has achieved moderate revenue or earnings growth. Given BLACK KNIGHT’s strong financial health and moderate earnings growth, investors who are seeking a stable company with sustained moderate returns may be interested in investing in this company. Such investors may include value investors looking to invest for the longer term, income investors looking for steady dividend payments and low-risk investors who are seeking stability and modest returns. More…
Risk Rating Analysis
Star Chart Analysis
The company competes with Beijing Join-Cheer Software Co Ltd, Prism Software Corp, 4Global PLC, and other providers of similar solutions.
– Beijing Join-Cheer Software Co Ltd ($SZSE:002279)
As of 2022, Beijing Join-Cheer Software Co Ltd has a market cap of 5.43B. The company has a Return on Equity of -3.94%. The company provides software development and related services.
– Prism Software Corp ($OTCPK:PSWR)
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Reed Elsevier’s market capitalization is 17.39 million as of 2022. The company has a Return on Equity of -45.9%.
Reed Elsevier is a global leader in publishing and information services. The company provides scientific, technical, and medical information solutions to professionals in a wide range of industries worldwide. Reed Elsevier’s products and services include journals, books, online resources, and databases. The company also offers a variety of information-based services, such as training and events.
Investors have reacted positively to BLACK KNIGHT‘s second quarter earnings results for the fiscal year 2023. Total revenue for the quarter was USD 368.2 million, representing a 6.7% decrease from the prior year, while net income was USD 55.3 million, a 37.2% increase from the prior year. Overall, the results show that the company is growing despite the challenging environment. Investors should continue to monitor the company’s progress as they look to capitalize on any upside potential.