* ACI Worldwide Inc reported quarterly adjusted earnings of 77 cents per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of 35 cents. The mean expectation of six analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 40 cents to 47 cents per share.
* Revenue rose 24.4% to $451.75 million from a year ago; analysts expected $403.26 million.
* ACI Worldwide Inc's reported EPS for the quarter was 77 cents.
* The company reported quarterly net income of $81.43 million.
* ACI Worldwide Inc shares had risen by 6.9% this quarter and gained 77.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.6% 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 5 "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 $56.00 This summary was machine generated from LSEG data November 7 at 02:47 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
Sep. 30 2024 0.42 0.77 Beat
Jun. 30 2024 0.07 0.29 Beat
Mar. 31 2024 -0.18 -0.07 Beat
Dec. 31 2023 0.97 1.12 Beat
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