Jack Henry (JKHY) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.24%. A quarter ago, it was expected that this payment processsing company would post earnings of $1.30 per share when it actually produced earnings of $1.38, delivering a surprise of 6.15%.Over the last four quarters, ...

First quarter summary: GAAP revenue increased 5.2% and GAAP operating income increased 14.0% for the fiscal three months ended September 30, 2024, compared to the prior fiscal year quarter. Non-GAAP adjusted revenue increased 5.3% and non-GAAP adjusted operating income increased 1.6% for the fiscal three months ended September 30, 2024, compared to the prior fiscal year quarter.1 GAAP EPS was $1.63 per diluted share for the fiscal three months ended September 30, 2024, compared to $1.39 per diluted share in ...

Core Insights - Jack Henry is launching its first Developer Conference (Devcon) on November 20, 2024, aimed at fostering collaboration in the financial technology industry [1] - The event will focus on technical discussions, providing insights into Jack Henry's APIs and tools for developers from fintechs and financial institutions [2][3] - The conference supports Jack Henry's strategy of modernizing technology and integrating over 1,000 fintechs into its ecosystem [4][6] Industry Trends - More than 90% of financial institutions plan to embed third-party technology into their digital banking experiences, highlighting the importance of technology integration [5] - The Devcon event is designed to create networking opportunities for developers, encouraging collaboration and innovation within the financial technology space [3][6] Company Strategy - Jack Henry's technology modernization strategy focuses on developing a single, modern, open-banking platform that enhances access to a wide range of solutions [4] - The company emphasizes openness and collaboration, aiming to provide financial institutions with an environment conducive to innovation [6][7]

Core Insights - Jack Henry (JKHY) is expected to report quarterly earnings of $1.61 per share, reflecting a 15.8% increase year over year [1] - Analysts forecast revenues of $600.84 million, indicating a 5.2% year-over-year growth [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, suggesting stability in analysts' forecasts [1] Revenue Estimates - 'Revenues- Core' are projected to reach $195.17 million, representing a 4.7% year-over-year increase [4] - 'Revenues- Corporate & Other' are estimated at $22.78 million, indicating a decline of 5.9% year over year [4] - 'Revenues- Complementary' are expected to be $170.01 million, showing a 5.4% increase from the prior year [4] - 'Revenues- Payments' are estimated at $213.40 million, reflecting a 7% year-over-year growth [5] Segment Income Estimates - 'Segment Income- Core' is projected at $115.37 million, compared to $110.51 million from the previous year [5] - 'Segment Income- Complementary' is expected to reach $102.27 million, up from $99.09 million in the same quarter last year [6] - 'Segment Income- Payments' is estimated at $99.27 million, compared to $90.53 million in the same quarter of the previous year [6] Stock Performance - Over the past month, Jack Henry shares have returned +1.8%, outperforming the Zacks S&P 500 composite's +1% change [6] - Jack Henry currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near future [6]

Wall Street expects a year-over-year increase in earnings on higher revenues when Jack Henry (JKHY) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 5, 2024, might help the stock move higher if these key numbers are better than ...

Core Insights - Jack Henry & Associates, Inc. reported deconversion revenue of $3.7 million for the fiscal first quarter ending September 30, 2024, with full-year fiscal 2025 guidance remaining at $16 million [1][2] Group 1: Financial Performance - The deconversion revenue is primarily generated when a customer is acquired by another financial institution, leading to the termination of their contract with Jack Henry [2] - Jack Henry excludes deconversion revenue from its non-GAAP revenue reported in quarterly and annual earnings releases, as it does not reflect the ongoing operations of the business [2] Group 2: Company Overview - Jack Henry is a financial technology company that connects financial institutions with their clients, emphasizing openness, collaboration, and user-centric solutions [4] - The company has been providing technology solutions for over 48 years, serving approximately 7,500 clients and enabling them to innovate and compete effectively [4]

Core Insights - Jack Henry™ announced that five financial institutions received WebAwards for their websites built using Jack Henry's web hosting and design services [1][2] Group 1: Awards and Recognition - Hocking Valley Bank won the award for Best Bank Website, marking the fifth consecutive year a Jack Henry client has won a "Best of" category [2] - Armed Forces Bank and Mid American Credit Union received Outstanding Website awards, while Shore United Bank earned the Bank Standard of Excellence and Freedom First Credit Union received the Credit Union Standard of Excellence [2] Group 2: Performance Metrics - Hocking Valley Bank reported a 19 percent increase in first-time visitors to its website and a 30 percent increase in online banking transactions [3] - The bank achieved $20 million in year-over-year growth for loans, attributed to increased web traffic and strategic initiatives [3] Group 3: Company Background - Jack Henry is a financial technology company that connects financial institutions with their clients, offering a range of modern capabilities and integration with leading fintechs [5] - The company has been providing technology solutions for over 48 years, empowering approximately 7,500 clients with innovative and user-centric services [5]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Jack Henry (JKHY) . This company, which is in the Zacks Electronics - Miscellaneous Services industry, shows potential for another earnings beat.When looking at the last two reports, this payment processsing company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.37%, on ave ...

Core Viewpoint - Jack Henry (JKHY) has shown strong stock performance, with a 5.1% increase over the past month and a 13% gain since the start of the year, outperforming the broader technology sector and the electronics services industry [1][2]. Financial Performance - Jack Henry reported an EPS of $1.38 in its last earnings report, exceeding the consensus estimate of $1.3, although it missed the revenue estimate by 0.62% [2]. - For the current fiscal year, earnings are projected at $5.82 per share on revenues of $2.37 billion, reflecting an 11.28% increase in EPS and a 7.13% increase in revenues [3]. - The next fiscal year is expected to see earnings of $6.29 per share on $2.54 billion in revenues, indicating year-over-year changes of 8.05% and 7.03%, respectively [3]. Valuation Metrics - Jack Henry's current valuation metrics show a trading multiple of 31.7X current fiscal year EPS estimates, aligning with the peer industry average [7]. - The trailing cash flow basis shows a trading multiple of 23.2X compared to the peer group's average of 22.2X, and the stock has a PEG ratio of 3.39, which is not competitive from a value perspective [7]. Style Scores and Zacks Rank - Jack Henry has a Value Score of D, while its Growth and Momentum Scores are both B, resulting in a combined VGM Score of B [6]. - The stock holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, indicating potential for future performance [8].

Jack Henry & Associates Inc (JKHY, Financial) has recently captured the attention of investors and financial analysts, thanks to its strong financial position. With a current share price of $177.97, despite a daily loss of 0.97%, the company has shown a promising three-month growth of 8.95%. A detailed analysis, supported by the GF Score, indicates that Jack Henry & Associates Inc is poised for significant growth in the foreseeable future. Jack Henry & Associates Inc (JKHY) GF Score: 97/100 Oct 02, 2024 Pow ...