Jack Henry & Associates Revises FY24 Revenue Outlook From $2.211B-$2.232B To $2.215B-$2.228B, Adjusted Revenue From $2.193B-$2.214B To $2.197B-$2.210B; Est $2.22B
Portfolio Pulse from Benzinga Newsdesk
Jack Henry & Associates has updated its FY24 revenue forecast, slightly adjusting its expected range. The new forecast for total revenue is between $2.215 billion and $2.228 billion, a slight increase from the previous range of $2.211 billion to $2.232 billion. The adjusted revenue forecast has also been updated to a range of $2.197 billion to $2.210 billion, from the earlier forecast of $2.193 billion to $2.214 billion. This revision comes amidst expectations of a $2.22 billion revenue by analysts.
February 06, 2024 | 9:50 pm
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Jack Henry & Associates has made a minor adjustment to its FY24 revenue outlook, indicating a slight optimism in its financial projections.
The adjustment in Jack Henry & Associates' revenue outlook, although minor, suggests a positive adjustment in the company's financial projections. This could lead to a positive investor sentiment in the short term, as the company's expectations are slightly above the lower end of their previous forecast. However, the adjustment is close to analyst expectations, which might limit the impact on the stock price.
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RELEVANCE 100