NASDAQ$ACIW

ACI Worldwide Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

ACI Worldwide's financial results for the quarter ended June 30, 2021, were announced, revealing a mix of growth and decline across different segments.

ACI Worldwide reported a slight increase in total revenue, up 1% to $302 million, with recurring revenue growing by 7%. The company signed a multi-year strategic alliance with Microsoft and repurchased 1 million shares. However, net income decreased to $7 million, and adjusted EBITDA also declined due to the timing of non-recurring, high-margin license renewals.

  • Recurring revenue increased by 7% compared to Q2 2020, reaching $250 million.
  • Total revenue saw a modest increase of 1% compared to Q2 2020, totaling $302 million.
  • A strategic alliance was formed with Microsoft to enhance cloud-based payment solutions.
  • The company repurchased 1 million shares and reduced debt by $25 million.

Headline financials

Total Revenue

$302M

Previous: $300M+0.6%
EPS (adj)

$0.23

Previous: $0.33-30.3%
Capital Expenditures

-$8.08M

Previous: -$10.6M+23.9%
Free Cash Flow

-$1.57M

Previous: $3.46M-145.5%
Net Income

$6.5M

Previous: $14.1M-53.8%
Operating Income

$15.4M

Previous: $29.1M-47.1%
Gross Profit

$143M

Previous: $153M-6.2%
Cash & Equivalents

$146M

Previous: $129M+13.1%
Total Assets

$3.18B

Previous: $3.14B+1.2%
Stock-Based Comp

$7.72M

Previous: $7.93M-2.7%

Revenue & EPS history

ACI Worldwide · Revenue · Quarterly

$302M

Q2 2021+0.6%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

For the full year 2021, ACI Worldwide expects revenue to be in the range of $1.335 billion to $1.345 billion and adjusted EBITDA to be in the range of $375 million to $385 million. For Q3 2021, the company expects revenue to be between $310 million and $320 million and adjusted EBITDA of $70 million to $80 million.

Tailwinds

  • Revenue expected to be between $1.335 billion and $1.345 billion for full year 2021.
  • Adjusted EBITDA expected to be in the range of $375 million to $385 million for full year 2021.
  • Revenue expected to be between $310 million and $320 million in Q3 2021.
  • Adjusted EBITDA expected to be between $70 million and $80 million in Q3 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.5%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+19.0%

Q3 2023

Best reaction

-16.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.7%-2.6%-1.1%
Q4 2025-4.2%-0.2%-3.9%
Q3 2025+4.7%-0.5%-4.8%
Q1 2025-11.8%-10.4%-13.8%
Q4 2024+7.7%+6.2%+7.3%
Q3 2024+6.6%+4.3%+2.6%
Q2 2024+3.8%+5.9%+16.5%
Q1 2024+3.8%+6.1%+5.4%
Q4 2023+3.7%+0.4%+7.2%
Q3 2023+19.0%+21.5%+35.5%
Q2 2023+5.6%+5.0%+8.9%
Q1 2023-1.1%-2.7%-3.8%
Q4 2022+0.6%-0.7%+4.4%
Q3 2022-16.3%-14.8%-11.9%
Q2 2022-8.2%-9.3%-20.5%
Q1 2022-5.4%-9.2%-3.3%
Q4 2021+5.0%-3.0%-0.3%
Q3 2021+4.7%+9.5%-3.8%
Q2 2021-0.4%-2.2%+2.2%
Q1 2021+3.1%+5.7%+5.3%
Q4 2020-7.7%-7.1%-7.8%
Q3 2020+7.4%+10.4%+26.1%
Q2 2020+7.3%+8.1%+2.4%
Q1 2020+2.6%-6.3%+10.1%
Q4 2019-6.5%-3.7%-22.2%
Q3 2019+8.8%+6.8%+15.1%
Q2 2019-3.3%-3.7%+2.8%
Q1 2019-4.1%-8.0%-5.2%
Q4 2018+6.1%+5.6%+5.4%
Q3 2018+15.8%+10.7%+4.4%
Q2 2018+2.0%+3.7%+7.4%
Q1 2018-5.6%-5.6%+5.6%
Q4 2017+9.9%+7.0%+6.5%
Q3 2017-1.1%-4.4%-3.7%
Q2 2017-4.3%-3.9%-8.8%
Q1 2017+10.8%+10.4%+9.0%
Q4 2016+11.7%+10.5%+8.5%
Q3 2016-6.1%-5.0%-0.9%
Q2 2016+0.9%-3.3%-4.4%
Q1 2016+0.4%
Q4 2015-0.2%
Q3 2015+0.0%
Q2 2015+5.6%
Q1 2015+4.2%
Q4 2014-2.9%
Q3 2014-0.2%
Q2 2014+1.6%
Q1 2014-2.1%
Q4 2013+3.5%
Q3 2013+13.0%
Q2 2013-1.7%
Q1 2013-0.8%
Q4 2012-2.4%
Q3 2012+11.8%
Q2 2012-0.0%
Q1 2012-3.1%
Q4 2011+8.0%
Q3 2011-1.4%
Q2 2011-3.9%
Q1 2010-0.5%
Q1 2011+0.0%
Q4 2008-2.2%
Q4 2010-2.2%
Q3 2010+2.5%
Q3 2009+2.5%
Q2 2010+0.3%
Q2 2009+0.3%
Q4 2009+0.3%

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