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ACI Worldwide (ACIW) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ACIWACI Worldwide(ACIW) ZACKS·2024-11-07 15:36

Core Insights - ACI Worldwide reported a revenue of 451.75millionforthequarterendedSeptember2024,reflectingayearoveryearincreaseof24.4451.75 million for the quarter ended September 2024, reflecting a year-over-year increase of 24.4% [1] - The earnings per share (EPS) for the quarter was 0.97, significantly higher than the 0.52reportedinthesamequarterlastyear[1]TherevenueexceededtheZacksConsensusEstimateof0.52 reported in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of 404.8 million by 11.60%, while the EPS also surpassed the consensus estimate of 0.60by61.670.60 by 61.67% [1] Revenue Breakdown - Revenue from Banks was 222 million, exceeding the average estimate of 175.50millionfromtwoanalysts[3]RevenuefromBillerswas175.50 million from two analysts [3] - Revenue from Billers was 179.60 million, slightly below the estimated 192millionfromtwoanalysts[3]RevenuefromMerchantsreached192 million from two analysts [3] - Revenue from Merchants reached 50.20 million, surpassing the average estimate of $38.40 million from two analysts [3] Stock Performance - ACI Worldwide's shares have returned +5.3% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]