We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Jack Henry (JKHY) to Report Q1 Earnings: What's in Store?
Read MoreHide Full Article
Jack Henry & Associates, Inc. (JKHY - Free Report) is scheduled to report first-quarter fiscal 2021 results on Nov 4.
For the fiscal first quarter, the Zacks Consensus Estimate for sales is pegged at $443.64 million, indicating growth of 1.3% from the prior-year quarter’s reported figure.
Further, the consensus mark for earnings per share stands at $1.07 per share, which suggests a decline of 7.8% from the year-ago quarter’s reported figure.
The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 9.56%.
Jack Henry Associates, Inc. Price and EPS Surprise
Jack Henry’s results for the fiscal first quarter are likely to reflect portfolio strength. The company’s robust core solutions are expected to have driven the top line in the quarter to be reported on the back of the growing adoption rate.
Moreover, these solutions have been attracting new core customer contracts, a trend thatmost likely continued in the fiscal first quarter as well.
Further, a solid momentum across Payments and Complementary segments is expected to get reflected in the to-be-reported quarter’s results.
Moreover, growth across technology solutions and expanding customer relationships might have contributed significantly to the to-be-reported quarter’s performance.
Additionally, robust debit and credit processing solutions of the company are likelyto have bolstered its debit and credit clientele during the fiscal first quarter.
Moreover, Jack Henry’s outsourcing and cloud services might have acted as a key catalyst during the quarter under review. Also, the rising migration rate of customers to the company’s private cloud environment is likely to have remained a tailwind.
Further, the growing momentum of Banno Digital suite, new card processing solution and treasury management is likely to have driven the company’s performance in the quarter under review.
However, a persistent decline in license revenues due to customer shift to private cloud is expected to have affected margins in the fiscal first quarter. Further, rising headcounts and personnel costs are likely to get reflected in the fiscal first-quarter results.
Also, headwinds related to the ongoing coronavirus pandemic might have been overhangs.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Jack Henry this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jack Henry has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell), currently.
Stocks to Consider
Here are some other stocks worth considering as our proven model shows that thesetoo have the right combination of elements to beat on earnings this season.
NVIDIA Corporation (NVDA - Free Report) has an Earnings ESP of +1.75% and a Zacks Rank #2 at present.
Agilent Technologies, Inc. (A - Free Report) has an Earnings ESP of +8.45% and a Zacks Rank #3 at present.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Jack Henry (JKHY) to Report Q1 Earnings: What's in Store?
Jack Henry & Associates, Inc. (JKHY - Free Report) is scheduled to report first-quarter fiscal 2021 results on Nov 4.
For the fiscal first quarter, the Zacks Consensus Estimate for sales is pegged at $443.64 million, indicating growth of 1.3% from the prior-year quarter’s reported figure.
Further, the consensus mark for earnings per share stands at $1.07 per share, which suggests a decline of 7.8% from the year-ago quarter’s reported figure.
The company’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 9.56%.
Jack Henry Associates, Inc. Price and EPS Surprise
Jack Henry Associates, Inc. price-eps-surprise | Jack Henry Associates, Inc. Quote
Factors at Play
Jack Henry’s results for the fiscal first quarter are likely to reflect portfolio strength. The company’s robust core solutions are expected to have driven the top line in the quarter to be reported on the back of the growing adoption rate.
Moreover, these solutions have been attracting new core customer contracts, a trend thatmost likely continued in the fiscal first quarter as well.
Further, a solid momentum across Payments and Complementary segments is expected to get reflected in the to-be-reported quarter’s results.
Moreover, growth across technology solutions and expanding customer relationships might have contributed significantly to the to-be-reported quarter’s performance.
Additionally, robust debit and credit processing solutions of the company are likelyto have bolstered its debit and credit clientele during the fiscal first quarter.
Moreover, Jack Henry’s outsourcing and cloud services might have acted as a key catalyst during the quarter under review. Also, the rising migration rate of customers to the company’s private cloud environment is likely to have remained a tailwind.
Further, the growing momentum of Banno Digital suite, new card processing solution and treasury management is likely to have driven the company’s performance in the quarter under review.
However, a persistent decline in license revenues due to customer shift to private cloud is expected to have affected margins in the fiscal first quarter. Further, rising headcounts and personnel costs are likely to get reflected in the fiscal first-quarter results.
Also, headwinds related to the ongoing coronavirus pandemic might have been overhangs.
What Our Model Says
Our proven model doesn’t conclusively predict an earnings beat for Jack Henry this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Jack Henry has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell), currently.
Stocks to Consider
Here are some other stocks worth considering as our proven model shows that thesetoo have the right combination of elements to beat on earnings this season.
Advanced Energy Industry, Inc. (AEIS - Free Report) presently has an Earnings ESP of +1.03% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA Corporation (NVDA - Free Report) has an Earnings ESP of +1.75% and a Zacks Rank #2 at present.
Agilent Technologies, Inc. (A - Free Report) has an Earnings ESP of +8.45% and a Zacks Rank #3 at present.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>