See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Fidelity National Information Services, Inc. (FIS) - free report >>
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.
Fidelity National Information Services, Inc. (FIS) - free report >>
Image: Bigstock
Fidelity National (FIS) Q2 Earnings Beat Estimates
Fidelity National Information Services, Inc (FIS - Free Report) is a leading provider of banking and payments technology solutions, processing services and information-based services to the financial services industry. The company came into existence following the merger with Certegy Inc., a provider of credit card, debit card, other transaction processing and check risk management services to financial institutions in 2006.
Fidelity boasts a strong global presence, offering more than 300 solutions to 20,000 financial institutions in over 130 countries.
However, increasing consolidation in the banking sector, a challenging environment for the Payments Solutions business, stiff competition and an uncertain regulatory environment are the headwinds.
Zacks Rank: Currently, Fidelity National has a Zacks Rank#4 (Sell) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share from continuing operations came in at 90 cents, beating the Zacks Consensus Estimate of 86 cents and increasing 21.6% from the year ago quarter. The company raised 2016 adjusted earnings per share guidance range to $3.75-$3.85 as against $3.70-$3.80 projected earlier
Revenue: Processing and services revenues of $2.305 billion surged 45.3% year over year but widely missed the Zacks Consensus Estimate of $2.321 billion.
Key Stats: Organic revenue growth was up 5.4% in the quarter.
Check back later for our full write up on this FIS earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>