Shares of CoreLogic, Inc.CLGX have gained 8% over the past year against 0.8% decline of the industry it belongs to.
Let’s delve deeper into the factors, which have contributed to the company’s outperformance.
Consecutive Earnings & Revenue Beat
CoreLogic came up with better-than-expected earnings and revenue performance in the last four quarters. While the top line benefited from strength in the company’s core mortgage and insurance and spatial solutions, the bottom line was aided by revenue growth, operating leverage, better business mix and cost efficiency programs.
CoreLogic is focused on operational excellence. Notably, during first-quarter 2020, adjusted EBITDA of $130 million improved 33% year over year. Adjusted EBITDA margin was 29%, up 600 basis points (bps). Operating income of $67 million soared more than 100% and operating margin increased a whopping 1000 bps to 15%.
It targets at least 30% adjusted EBITDA margin during 2020 by managing