ACI Worldwide, Inc. (NASDAQ: ACIW) reported Q1 EPS of ($0.22), $0.10 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $205.9 million versus the consensus estimate of $212.3 million.

GUIDANCE

We are updating our outlook for the full year 2019 and 2020 given the contribution from Speedpay. We expect Speedpay to contribute between $215 million and $220 million in revenue and between $50 million and $55 million in adjusted EBITDA to the remainder of 2019. We expect Speedpay to contribute $90 million to $95 million in adjusted EBITDA in 2020. We now expect 2019 total revenue to be between $1.315 billion and $1.345 billion and adjusted EBITDA to be in a range of $360 million to $380 million, which excludes between $30 million and $35 million in significant transaction related expenses. This is up from our prior guidance of $1.1 billion to $1.125 billion and $310 million to $325 million for revenue and adjusted EBITDA, respectively. We expect Q2 2019 revenue to be between $280 and $290 million. We continue to expect full year 2019 new bookings growth to be in the upper single digits to low double digits.

We now expect our 2020 adjusted EBITDA to be in a range of $425 million to $445 million, up from the prior outlook of $335 million to $350 million.

For earnings history and earnings-related data on ACI Worldwide, Inc. (ACIW) click here.