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JKHY Q2 Earnings Beat: Will 2025 Outlook Drag the Stock Down?
ZACKS· 2025-02-05 14:51
Jack Henry & Associates (JKHY) reported second-quarter fiscal 2025 GAAP earnings of $1.34 per share, beating the Zacks Consensus Estimate by 2.3%. The figure increased 6.3% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.JKHY’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 4.25%.Jack Henry & Associates’ revenues of $573.85 million missed the Zacks Consensus Estimate by 0.4%. The figure increased 5.2% ye ...
Jack Henry (JKHY) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2025-02-05 00:36
Jack Henry (JKHY) reported $573.85 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 5.2%. EPS of $1.34 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $576.2 million, representing a surprise of -0.41%. The company delivered an EPS surprise of +2.29%, with the consensus EPS estimate being $1.31.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Jack Henry (JKHY) Beats Q2 Earnings Estimates
ZACKS· 2025-02-04 23:16
Jack Henry (JKHY) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.29%. A quarter ago, it was expected that this payment processsing company would post earnings of $1.61 per share when it actually produced earnings of $1.63, delivering a surprise of 1.24%.Over the last four quarters, ...
Jack Henry(JKHY) - 2025 Q2 - Quarterly Results
2025-02-04 21:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 27, 2025 JACK HENRY & ASSOCIATES, INC. (Exact name of Registrant as specified in its Charter) (Commission File Number) Delaware 0-14112 43-1128385 (IRS Employer Identification No.) (State or other jurisdiction of incorporation) 663 Highway 60, P.O. Box 807, Monett, MO 65708 (Address of ...
Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2025 Results
Prnewswire· 2025-02-04 21:05
Core Insights - Jack Henry & Associates, Inc. reported solid performance in the second quarter of fiscal year 2025, with record sales attainment for the second consecutive year and a robust sales pipeline for future opportunities [4][12] - The company is experiencing strong demand for its products from both new and existing clients, alongside significant progress in its technology modernization strategy [4][12] Financial Performance - For the three months ended December 31, 2024, GAAP revenue increased by 5.2% to $573.848 million compared to $545.701 million in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 6.1% to $573.779 million [13] - GAAP operating income rose by 3.4% to $123.002 million, while non-GAAP adjusted operating income increased by 7.3% to $123.624 million [13][43] - The company reported a GAAP EPS of $1.34 for the quarter, up from $1.26 in the prior year [9][43] Year-to-Date Performance - For the six months ended December 31, 2024, GAAP revenue increased by 5.2% to $1.174829 billion compared to $1.117069 billion in the prior year [5][43] - Non-GAAP adjusted revenue for the same period increased by 5.7% to $1.171063 billion [13] - GAAP operating income for the year-to-date period rose by 9.0% to $274.278 million [43] Segment Performance - Services and support revenue for the three months ended December 31, 2024, increased by 3.5% to $323.027 million, while processing revenue increased by 7.3% to $250.821 million [7][10] - For the six months ended December 31, 2024, services and support revenue increased by 3.9% to $679.706 million, and processing revenue increased by 7.0% to $495.123 million [7][10] Guidance for Fiscal Year 2025 - The company provided full-year fiscal 2025 guidance, projecting GAAP revenue between $2.369 billion and $2.391 billion, with an operating margin of 23.0% to 23.2% [2][29] - Non-GAAP adjusted revenue guidance is set between $2.353 billion and $2.375 billion, with adjusted operating income expected between $533 million and $542 million [29][30] Balance Sheet and Cash Flow - Cash and cash equivalents were reported at $26 million as of December 31, 2024, compared to $27 million a year earlier [35] - The company had $150 million in debt outstanding related to credit facilities as of December 31, 2024, down from $255 million a year earlier [35]
Why Jack Henry (JKHY) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-02-03 15:50
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alon ...
Jack Henry and Moov to Implement Visa Direct to Enable Fast, Seamless Payments
Prnewswire· 2025-02-03 14:00
Alliance enables banks and credit unions to better serve the payment needs of consumers and small businesses MONETT, Mo., Feb. 3, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) announced today its collaboration with Visa, the world leader in digital payments, to offer Visa Direct through Jack Henry Rapid Transfers™. The addition of Visa Direct, which facilitates the delivery of funds directly to eligible cards, bank accounts, and wallets around the world, is part of Jack Henry's previously announced allian ...
Jack Henry & Associates Announces Fiscal Second Quarter 2025 Deconversion Revenue Results
Prnewswire· 2025-01-27 21:15
MONETT, Mo., Jan. 27, 2025 /PRNewswire/ -- Jack Henry & Associates, Inc.® (Nasdaq: JKHY) announced today that deconversion revenue for the fiscal second quarter, ended December 31, 2024, was $0.1 million. Deconversion revenue estimates remain at $16 million for full year fiscal 2025 guidance. For more information about how guidance will be further updated for deconversion revenue estimates, please see Jack Henry's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2023 ...
Jack Henry Celebrates its Successful Collaboration with Corpay for International Wires
Prnewswire· 2025-01-23 14:00
Core Insights - Jack Henry has successfully collaborated with Corpay, Inc. to provide seamless international wire transfers for its clients, enhancing their payment capabilities [1][4] - Corpay has been the exclusive provider of international wire services for Jack Henry clients since September 2023, utilizing the jXchange™ platform for integration [2] - Corpay has onboarded over 200 clients to its platform in partnership with Peapack Private Bank & Trust, demonstrating effective communication and collaboration [3] Company Overview - Jack Henry & Associates, Inc. is a financial technology company that connects financial institutions with their clients, offering a range of modern capabilities and integration with leading fintechs [5] - Corpay, Inc. is a global corporate payments company that simplifies expense management for businesses and consumers, including vehicle-related and travel expenses [6] Partnership Benefits - The partnership between Jack Henry and Corpay aims to enhance customer experience in global payments, addressing the growing demand for reliable international payment services [4] - Corpay is developing a new user interface and additional digital wallet capabilities to further improve services for Jack Henry Wires customers [3]
JACK HENRY & ASSOCIATES TO PROVIDE WEBCAST OF SECOND QUARTER 2025 EARNINGS CALL
Prnewswire· 2025-01-22 13:00
Core Viewpoint - Jack Henry & Associates, Inc. will host a live webcast for its second quarter 2025 earnings conference call on February 5, 2025, with the earnings press release to be issued after market close on February 4, 2025 [1][3]. Group 1 - The live webcast will start at 7:45 a.m. Central (8:45 a.m. Eastern) and can be accessed on the Jack Henry website [2]. - The US dial-in number for the earnings call is 833-630-0605, and international participants can dial +1 412-317-1830 [2]. - An archived replay of the quarterly earnings call will be available approximately one hour after the live call [2]. Group 2 - The company will also release quarterly deconversion revenue results prior to the full quarterly earnings results, with the press release for deconversion revenue scheduled for January 27, 2025 [3]. - Jack Henry is a financial technology company that connects financial institutions with their clients, emphasizing openness, collaboration, and user-centric solutions [4]. - The company has been providing technology solutions for over 48 years, serving approximately 7,500 clients and focusing on innovation and financial health [4].