Jack Henry & Associates Q1 EPS $1.39 vs $1.46 Prior Year, Sales $571.37M Beat $565.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
Jack Henry & Associates (NASDAQ:JKHY) reported Q1 earnings of $1.39 per share, a 4.79% decrease from the same period last year. However, the company's quarterly sales of $571.37 million beat the analyst consensus estimate of $565.08 million by 1.11%, marking a 7.97% increase from last year.
November 07, 2023 | 9:41 pm
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Jack Henry & Associates reported a decrease in Q1 earnings per share but beat sales estimates, which could have a mixed impact on the stock.
While the decrease in earnings per share could negatively impact the stock, the fact that sales beat estimates and increased significantly from last year could offset this and have a positive impact. Therefore, a mixed impact is expected.
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