Jack Henry's open approach, commitment to research and development position credit union for growthMONETT, Mo., Nov. 18, 2024 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today that CommonWealth Central Credit Union (CommonWealth) selected Jack Henry to modernize its technology infrastructure and support future growth.Founded in a garage in 1958, CommonWealth's mission is to help its members enhance their financial well-being. Over 65 years, it evolved from a small credit union with 10 members and $ ...

MONETT, Mo., Nov. 8, 2024 /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) is pleased to announce that President & CEO Greg Adelson and Chief Financial Officer & Treasurer Mimi Carsley will present at several conferences in the coming weeks.Adelson will present at the following events: 2024 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference – November 20 at 10 a.m. Eastern. A live webcast of the presentation will be accessible at https://kvgo.com/rbc/jack-h ...

Jack Henry & Associates (JKHY) reported first-quarter fiscal 2025 GAAP earnings of $1.63 per share, beating the Zacks Consensus Estimate by 1.24%. The figure increased 18.1% year over year.JKHY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 5.9%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.JKHY’s revenues of $601 million came in line with the Zacks Consensus Estimate. The figure increased 5.2% year over year.After ...

For the quarter ended September 2024, Jack Henry (JKHY) reported revenue of $600.98 million, up 5.2% over the same period last year. EPS came in at $1.63, compared to $1.39 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $600.84 million, representing a surprise of +0.02%. The company delivered an EPS surprise of +1.24%, with the consensus EPS estimate being $1.61.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

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]