ACI Worldwide Inc reports results for the quarter ended in June - Earnings Summary

ACI Worldwide

01/08/2024 14:32

* ACI Worldwide Inc  ACIW.OQ  reported quarterly adjusted
earnings
of 29 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 4 cents to 9 cents per share.
    * Revenue rose 15.5% to $373.48 million from a year ago;
analysts
expected $349.63 million. 
    * ACI Worldwide Inc's reported EPS for the quarter was 29
cents​.
    * The company reported quarterly net income of $30.89
million.
    * ACI Worldwide Inc shares had risen by 9.2% this
quarter and
gained 41.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for ACI Worldwide Inc
is $41.50 
This summary was machine generated from LSEG data August 1 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.07           0.29           Beat
 Mar. 31 2024      -0.18          -0.07          Beat
 Dec. 31 2023      0.97           1.12           Beat
 Sep. 30 2023      0.12           0.35           Beat