ACI Worldwide Inc reports results for the quarter ended June 30 - Earnings Summary

• ACI Worldwide Inc ACIW.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 8 cents to 12 cents per share.

• Revenue rose 7.4% to $401.26 million from a year ago; analysts expected $380.49 million.

• ACI Worldwide Inc's reported EPS for the quarter was 12 cents​.

• The company reported quarterly net income of $12.2 million.

• ACI Worldwide Inc shares had fallen by 8.2% this quarter and lost 18.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 41.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for ACI Worldwide Inc is $60.00, about 29.8% above its last closing price of $42.15

This summary was machine generated from LSEG data August 7 at 03:44 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)