ACI Worldwide Q4 Adj EPS $1.27 Beats $0.97 Estimate, Sales $476.56M Miss $477.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide (NASDAQ:ACIW) reported Q4 adjusted EPS of $1.27, surpassing the $0.97 estimate, marking a 27% increase from last year. However, their sales of $476.56M slightly missed the $477.50M estimate, though it's a 5.48% increase from the previous year.
February 29, 2024 | 11:02 am
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ACI Worldwide reported a strong Q4 with EPS of $1.27, beating estimates, but sales slightly missed expectations at $476.56M.
The positive earnings surprise, with a 30.93% beat on EPS estimates and a 27% increase from the previous year, is likely to positively impact investor sentiment and ACIW's stock price in the short term. The slight miss on sales estimates is unlikely to significantly dampen the positive reaction to the strong earnings performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100