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Fidelity National Information Services, Inc. (FIS) - free report >>
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Fidelity National Information Services, Inc. (FIS) - free report >>
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Fidelity (FIS) Q4 Earnings Meet Expectations; Revenue Up
Have you been eager to see how Fidelity National Information Services, Inc. (FIS - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this FL.-based financial services technology company’s earnings release this morning:
In-Line Earnings
Fidelity came out with adjusted earnings per share of $1.14, in line with the Zacks Consensus Estimate. Results excluded certain one-time items. Results reflected increase in revenues offset by higher selling, general and administrative expenses.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Fidelity remained stable prior to the earnings release. The Zacks Consensus Estimate has remained unchanged at $1.14 over the last 7 days.
Overall, Fidelity boasts of an impressive earnings surprise history.
Fidelity National Information Services, Inc. Price and EPS Surprise
Fidelity National Information Services, Inc. Price and EPS Surprise | Fidelity National Information Services, Inc. Quote
Revenue Came in Slightly Lower than Expected
Fidelity posted revenues of $2.45 billion, slightly below Zacks Consensus Estimate of $2.47 billion. However, revenues increased 30.3% year over year.
Key Takeaways:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #4 (Sell) for Fidelity. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
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