ACI Worldwide Q1 2024 Adj EPS $0.10 May Not Be Comparable To $(0.18) Estimate, Sales $316.019M Beat $306.263M Estimate
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide (NASDAQ:ACIW) reported Q1 2024 adjusted EPS of $0.10, surpassing the $(0.18) estimate, with a 155.56% beat. Year-over-year, this represents a 242.86% increase from a $(0.07) loss per share. Quarterly sales reached $316.019M, exceeding the $306.263M forecast by 3.19% and marking a 9.09% increase from $289.676M in the same period last year.
April 30, 2024 | 10:03 am
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POSITIVE IMPACT
ACI Worldwide reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial performance and growth.
The substantial beat on both earnings per share and sales estimates for Q1 2024 suggests that ACI Worldwide is performing significantly better than expected, which could lead to positive investor sentiment and a potential increase in stock price in the short term. The reported growth over the previous year further strengthens the company's financial position and outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100