Fidelity National Information Services (FIS Quick QuoteFIS - Free Report) reported $2.47 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 29.7%. EPS of $1.10 for the same period compares to $1.29 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $2.45 billion, representing a surprise of +0.85%. The company delivered an EPS surprise of +14.58%, with the consensus EPS estimate being $0.96.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Fidelity National performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue- Banking Solutions: $1.68 billion versus the seven-analyst average estimate of $1.67 billion. The reported number represents a year-over-year change of -0.1%.
• Revenue- Corporate and Other: $77 million versus $65.82 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +35.1% change.
• Revenue- Capital Market Solutions: $706 million compared to the $705.42 million average estimate based on seven analysts. The reported number represents a change of +6.5% year over year.

View all Key Company Metrics for Fidelity National here>>>

Shares of Fidelity National have returned -3.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.