Wall Street analysts expect Jack Henry (JKHY) to post quarterly earnings of $1.43 per share in its upcoming report, which indicates a year-over-year decline of 18.3%. Revenues are expected to be $628.3 million, up 2.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Jack Henry metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenue- Core' at $194.56 million. The estimate indicates a year-over-year change of +2.5%.
Based on the collective assessment of analysts, 'Revenue- Corporate & Other' should arrive at $21.28 million. The estimate indicates a year-over-year change of +0.4%.
The combined assessment of analysts suggests that 'Revenue- Complementary' will likely reach $178.35 million. The estimate suggests a change of +1.8% year over year.
The consensus estimate for 'Revenue- Payments' stands at $234.20 million. The estimate indicates a change of +2.1% from the prior-year quarter.
The consensus among analysts is that 'Segment Income- Core' will reach $121.33 million. Compared to the present estimate, the company reported $119.80 million in the same quarter last year.
Analysts forecast 'Segment Income- Complementary' to reach $105.30 million. Compared to the present estimate, the company reported $107.49 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Segment Income- Payments' of $111.92 million. The estimate compares to the year-ago value of $113.16 million.
View all Key Company Metrics for Jack Henry here>>>Over the past month, shares of Jack Henry have returned +2.6% versus the Zacks S&P 500 composite's +2.4% change. Currently, JKHY carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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