Black Knight Inc. has issued full-year 2018 outlook and released its fourth-quarter and full-year 2017 financial results.
The company expects adjusted revenues to be in the range of $1.11 billion to $1.13 billion for full year 2018. Adjusted EBITDA is expected to be in the range of $530 million to $545 million, while total revenues are expected to be in the range of $1.10 billion to $1.12 billion for the year.
The company projects adjusted net EPS in the range of $1.73 to $1.81 for the year.
The S&P Capital IQ consensus normalized EPS estimate for 2018 is $1.78.
Additionally, Black Knight reported fourth-quarter 2017 net earnings attributable to the company of $147.2 million, or 97 cents per share, an increase from $11.8 million, or 17 cents per share, in the year-ago quarter.
Adjusted net earnings were $56.6 million, or 37 cents per share, compared to $45.2 million, or 30 cents per share, in the prior-year period.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 37 cents.
The results for the fourth quarter of 2017 included an income tax benefit of $110.9 million related to the revaluation of the company's net deferred income tax liability as a result of the U.S. tax reform.
For full year 2017, net earnings attributable to the company were $182.3 million, or $1.47 per share, compared with $45.8 million, or 67 cents per share, in 2016.
Adjusted net earnings for the year ended Dec. 31, 2017, were $209.6 million, or $1.38 per share, versus $175.4 million, or $1.15 per share, in 2016.
The S&P Capital IQ consensus normalized EPS estimate for the year was $1.37.
