ACI Worldwide (ACIW) Q2 Earnings and Revenues Beat Estimates

Company Performance - ACI Worldwide reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.22 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 113.64% [1] - The company achieved revenues of $373.48 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 6.72% and increasing from $323.33 million year-over-year [1] - Over the last four quarters, ACI Worldwide has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [1] Stock Performance - ACI Worldwide shares have increased approximately 41.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $387.95 million, and for the current fiscal year, it is $2.21 on revenues of $1.57 billion [4] - The estimate revisions trend for ACI Worldwide is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Computer - Software industry, to which ACI Worldwide belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, which may impact stock performance [5] - Another company in the same industry, Synopsys, is expected to report quarterly earnings of $2.95 per share, reflecting a year-over-year change of +2.4%, with revenues anticipated to be $1.53 billion, up 2.6% from the previous year [5][6]