ACI Worldwide, Inc. (ACIW) Misses Q4 EPS by 1c
ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q4 EPS of $0.74, $0.01 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $320 million versus the consensus estimate of $369.6 million.
GUIDANCE:
ACI Worldwide, Inc. sees FY2019 revenue of $1.1-1.13 billion, versus the consensus of $1.1 billion.
- Adjusted EBITDA is expected to be in a range of $310 million to $325 million, which is up from previous expectations of $300 million to $315 million, and represents 24-29% growth over 2018. We expect to generate between $205 million and $215 million of revenue in the first quarter. We expect full year 2019 new bookings to grow in the upper single digits to low double digits. 2019 operating free cash flow expected to be in a range of $165 million to $180 million.
- In addition to our updated 2019 guidance, we are reiterating our previously issued 2020 EBITDA outlook. 2020 adjusted EBITDA is targeted to be in a range of $335 million to $350 million.
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