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Fidelity National (FIS) to Post Q3 Earnings: What Lies Ahead?
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Fidelity National Information Services (FIS - Free Report) is scheduled to release third-quarter 2018 earnings on Oct 30, before the opening bell. While the company’s earnings are expected to reflect year-over-year growth, revenues may have witnessed a decline.
Notably, Fidelity delivered positive earnings surprises in each of the trailing four quarters, with an average beat of 5.03%.
In the last reported quarter, the company pulled off a positive earnings surprise of 2.5%. Results benefited from lower expenses and expansion of net interest margin. However, decline in revenues and huge outstanding debt were headwinds.
Fidelity National Information Services, Inc. Price and EPS Surprise
Fidelity’s revenue growth story for the Jul-Sep quarter is not expected to be impressive due to the stiff competition in the industry. Per the consensus estimate, revenues from Integrated Financial Solutions are expected to decline 4.5% to $1.07 billion and Global Financial Solutions revenues are likely to fall 5.1% to $946 million. Also, the overall top line of $2.09 billion is projected to be down 5.03% from the prior-year quarter.
The Florida-based financial service provider’s bottom line might benefit slightly from lower tax rates and rising interest-rate environment.
The company’s focus on introducing fresh and innovative products in order to meet the rising demand of customers may escalate expenses.
Fidelity’s shares have gained around 2.9% in the three-month period ended Sep 30, 2018, compared with the industry’s growth of 9.3%.
Will the upcoming earnings release give a boost to Fidelity’s stock? That depends largely on whether or not the firm is able to impress the market with its third-quarter results.
Here is what our quantitative model predicts:
Fidelity does not have the right combination of two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP is currently pegged at 0.00%.
Zacks Rank: Fidelity carries a Zacks Rank #3, which increases the predictive power of ESP. But we also need to have a positive ESP to be confident of a positive earnings surprise.
Notably, for the third quarter, the Zacks Consensus Estimate for earnings indicates 10.2% growth on a year-over-year basis.
Stocks That Warrant a Look
Here are some other stocks you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
Athene Holding Ltd. has an Earnings ESP of +1.62% and sports a Zacks Rank of 1. It is slated to report quarterly numbers on Oct 31.
OneMain Holdings, Inc. (OMF - Free Report) has an Earnings ESP of +1.01% and has a Zacks Rank #3. It is scheduled to report results on Oct 31.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Fidelity National (FIS) to Post Q3 Earnings: What Lies Ahead?
Fidelity National Information Services (FIS - Free Report) is scheduled to release third-quarter 2018 earnings on Oct 30, before the opening bell. While the company’s earnings are expected to reflect year-over-year growth, revenues may have witnessed a decline.
Notably, Fidelity delivered positive earnings surprises in each of the trailing four quarters, with an average beat of 5.03%.
In the last reported quarter, the company pulled off a positive earnings surprise of 2.5%. Results benefited from lower expenses and expansion of net interest margin. However, decline in revenues and huge outstanding debt were headwinds.
Fidelity National Information Services, Inc. Price and EPS Surprise
Fidelity National Information Services, Inc. Price and EPS Surprise | Fidelity National Information Services, Inc. Quote
Factors to Influence Q3 Results
Fidelity’s revenue growth story for the Jul-Sep quarter is not expected to be impressive due to the stiff competition in the industry. Per the consensus estimate, revenues from Integrated Financial Solutions are expected to decline 4.5% to $1.07 billion and Global Financial Solutions revenues are likely to fall 5.1% to $946 million. Also, the overall top line of $2.09 billion is projected to be down 5.03% from the prior-year quarter.
The Florida-based financial service provider’s bottom line might benefit slightly from lower tax rates and rising interest-rate environment.
The company’s focus on introducing fresh and innovative products in order to meet the rising demand of customers may escalate expenses.
Fidelity’s shares have gained around 2.9% in the three-month period ended Sep 30, 2018, compared with the industry’s growth of 9.3%.
Will the upcoming earnings release give a boost to Fidelity’s stock? That depends largely on whether or not the firm is able to impress the market with its third-quarter results.
Here is what our quantitative model predicts:
Fidelity does not have the right combination of two key ingredients — a positive Earnings ESP and Zacks Rank #3 (Hold) or higher — for increasing the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP is currently pegged at 0.00%.
Zacks Rank: Fidelity carries a Zacks Rank #3, which increases the predictive power of ESP. But we also need to have a positive ESP to be confident of a positive earnings surprise.
Notably, for the third quarter, the Zacks Consensus Estimate for earnings indicates 10.2% growth on a year-over-year basis.
Stocks That Warrant a Look
Here are some other stocks you may want to consider, as according to our model, these have the right combination of elements to post an earnings beat this quarter.
Apollo Global Management, LLC (APO - Free Report) is slated to release results on Oct 31. The company has an Earnings ESP of +8.51% and carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Athene Holding Ltd. has an Earnings ESP of +1.62% and sports a Zacks Rank of 1. It is slated to report quarterly numbers on Oct 31.
OneMain Holdings, Inc. (OMF - Free Report) has an Earnings ESP of +1.01% and has a Zacks Rank #3. It is scheduled to report results on Oct 31.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>