Jack Henry & Associates: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Jack Henry & Associates (NASDAQ:JKHY) reported Q1 earnings, beating estimated earnings by 5.3% with an EPS of $1.39 versus an estimate of $1.32. Revenue was up $42.17 million from the same period last year. Last quarter, the company beat EPS estimates by $0.15, which was followed by a 7.03% drop in the share price the next day.
November 07, 2023 | 9:50 pm
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Jack Henry & Associates reported better than expected Q1 earnings, but past performance shows a drop in share price following a beat on EPS.
While Jack Henry & Associates reported better than expected earnings, the company's share price has historically dropped following a beat on EPS. This suggests that despite the positive earnings report, the market may have already priced in the beat, leading to a potential sell-off.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100