Fair Isaac stock is forming a base offering a 531.13 buy point with its next quarterly report expected on Aug. 3. The entry is based on a first-stage double bottom.
Understand that buying a stock close to earnings is risky, since an EPS or sales miss could send it sharply lower. You can minimize your risk by waiting to see how the company reports and how the market reacts.
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In terms of fundamentals, the financial software company has posted two quarters of accelerating earnings growth. Top line growth has also moved higher during the same period.
Consensus analyst estimates call for EPS growth of 16% for the quarter, and 24% growth for the full year.
Fair Isaac stock has a 94 Composite Rating and earns the No. 1 rank among its peers in the Computer Software-Financial industry group. Jack Henry & Associates and ACI Worldwide are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
