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Financial Transaction Stocks Earnings on Nov 1: FIS, FLT, WU

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We have a jam-packed earnings schedule for this week as some 130 odd S&P 500 companies including financial services companies like Fidelity National Information Services, Inc. (FIS - Free Report) , FleetCor Technologies, Inc. (FLT - Free Report) and The Western Union Company (WU - Free Report) scheduled to report their quarterly results. As of Friday, Oct 28, 2016, per the latest Zacks Earnings Preview, we have had results from 291 S&P 500 members (68.5% of the index’s total market capitalization). Total earnings are up 2.2% year over year on 1.3% increase in revenues.

This quarter is poised to become the first to record growth after five successive quarters of earnings decline. The performance of the Technology and Finance sectors has been decent but Energy continues to be a drag. Overall, total earnings of S&P 500 members are expected to be up 2% on 1.4% higher revenues.

The quarterly results for the technology sector were marred by disappointing numbers from Apple (AAPL). Total earnings of the companies in the tech sector, representing 72.2% of the sector’s total market capitalization in the S&P 500 index, are up 1.6% on 1.5% higher revenues. Total earnings of the companies in the finance sector (75.1% of the sector’s total market cap in the S&P 500 index) are up 9.3% with 5.9% increase in revenues.

Let’s take a look at how Fidelity and other financial services stocks are poised ahead of their scheduled third quarter announcements on Nov 1.

Headquartered in Jacksonville, FL, Fidelity National Information 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.

Currently, Fidelity carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for third quarter 2016 stands at 98 cents. Last quarter, the company posted a positive earnings surprise of 4.65%. Notably, for the four preceding quarters, Fidelity has a positive average earnings surprise of 2.58%.

FIDELITY NAT IN Price and EPS Surprise

FIDELITY NAT IN Price and EPS Surprise | FIDELITY NAT IN Quote

FleetCor is a one of the biggest providers of commercial payment and data solutions, fuel cards, lodging and transportation management services, stored value solutions and workforce payment products and services to a host of businesses, retailers, major oil companies and governments of various countries across the globe.

Currently, FleetCor carries a Zacks Rank #2 (Buy) and has an Earnings ESP of - 0.58%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

For FleetCor, the Zacks Consensus Estimate for third quarter 2016 stands at $1.74 cents. Last quarter, the company posted a negative earnings surprise of 2.07%. For the four preceding quarters, FleetCor has a negative average earnings surprise of 2.13%.

FLEETCOR TECH Price and EPS Surprise

FLEETCOR TECH Price and EPS Surprise | FLEETCOR TECH Quote

The Western Union Company, a leader in global money transfer, was formed as a result of a spin-off from First Data Corporation on Sep 29, 2006. Western Union’s globally recognized brand provides people with fast, reliable and convenient ways to transfer money.

Currently, Western Union carries a Zacks Rank #4 (Sell) and has an Earnings ESP of 0.00%.The Zacks Consensus Estimate for third quarter 2016 stands at 44 cents. Last quarter, the company posted a positive earnings surprise of 5.00%. Notably, for the four preceding quarters, Western Union has a positive average earnings surprise of 1.77%.

Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.

WESTERN UNION Price and EPS Surprise

WESTERN UNION Price and EPS Surprise | WESTERN UNION Quote

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