Jack Henry & Associates: Q2 Earnings Insights

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Jack Henry & Associates JKHY reported its Q2 earnings results on Tuesday, February 6, 2024 at 04:46 PM.

Here's what investors need to know about the announcement.

Earnings

Jack Henry & Associates beat estimated earnings by 7.02%, reporting an EPS of $1.22 versus an estimate of $1.14.

Revenue was up $40.39 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07 which was followed by a 4.54% increase in the share price the next day.

Here's a look at Jack Henry & Associates's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023
EPS Estimate 1.32 1.19 1.10 1.11
EPS Actual 1.39 1.34 1.12 1.10
Revenue Estimate 565.75M 511.33M 500.75M 515.42M
Revenue Actual 571.37M 534.63M 508.55M 505.31M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Jack Henry & Associates management provided guidance for FY 2024, expecting earnings between $5.09 and $5.13 per share.

To track all earnings releases for Jack Henry & Associates visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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