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 (FIS) Beats on Q2 Earnings, Revenues Fall
Read MoreHide Full Article
Have you been eager to see how Fidelity National Information Services, Inc. (FIS - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Florida-based financial services technology company’s earnings release this morning:
An Earnings Beat
Fidelity came out with adjusted earnings per share of $1.23, beating the Zacks Consensus Estimate of $1.20. Results reflected lower selling, general and administrative expenses and expanding margins, partially offset by decline in revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Fidelity depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained unchanged at $1.20 over the last seven days.
However, Fidelity has an impressive earnings surprise history. Before posting earnings beat in Q2, the company delivered positive surprises in each of the trailing four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.7% in the trailing four quarters.
Fidelity National Information Services, Inc. Price and EPS Surprise
Fidelity posted revenues of $2.11 billion, which lagged the Zacks Consensus Estimate of $2.12 billion. Also, revenues decreased 6.7% year over year.
Key Takeaways:
Adjusted EBITDA margin expanded 260 basis points to 35.9%
Selling, general and administrative expenses declined 7.9% year-over-year to $339 million
Management raised full-year 2018 adjusted EPS expectation to $5.18-$5.34, on impressive second quarter performance
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Fidelity. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Fidelity earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Fidelity National (FIS) Beats on Q2 Earnings, Revenues Fall
Have you been eager to see how Fidelity National Information Services, Inc. (FIS - Free Report) performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Florida-based financial services technology company’s earnings release this morning:
An Earnings Beat
Fidelity came out with adjusted earnings per share of $1.23, beating the Zacks Consensus Estimate of $1.20. Results reflected lower selling, general and administrative expenses and expanding margins, partially offset by decline in revenues.
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Fidelity depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained unchanged at $1.20 over the last seven days.
However, Fidelity has an impressive earnings surprise history. Before posting earnings beat in Q2, the company delivered positive surprises in each of the trailing four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.7% in the trailing four quarters.
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 Lower Than Expected
Fidelity posted revenues of $2.11 billion, which lagged the Zacks Consensus Estimate of $2.12 billion. Also, revenues decreased 6.7% year over year.
Key Takeaways:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Fidelity. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, 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.)
Check back later for our full write up on this Fidelity earnings report!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>