Back to top
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) Beats Q1 Earnings on Higher Revenues
Have you been eager to see how Fidelity National Information Services, Inc. (FIS - Free Report) performed in Q1 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:
An Earnings Beat
Fidelity came out with adjusted earnings per share of 86 cents, beating the Zacks Consensus Estimate of 82 cents. Results excluded certain one-time items. Results reflected increase in revenues and lower 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 82 cents 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 as Expected
Fidelity posted revenues of $2.26 billion, in line with the Zacks Consensus Estimate. However, revenues increased 3.4% 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. 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.)
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.