Fidelity National Information Services, Inc (FIS - Free Report) 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.
Fidelity boasts a strong global presence, offering more than 300 solutions to 20,000 financial institutions in over 130 countries.
However, increasing consolidation in the banking sector, a challenging environment for the Payments Solutions business, stiff competition and an uncertain regulatory environment are the headwinds.
Zacks Rank: Currently, Fidelity National has a Zacks Rank#4 (Sell) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share from continuing operations came in at 90 cents, beating the Zacks Consensus Estimate of 86 cents and increasing 21.6% from the year ago quarter. The company raised 2016 adjusted earnings per share guidance range to $3.75-$3.85 as against $3.70-$3.80 projected earlier
Revenue: Processing and services revenues of $2.305 billion surged 45.3% year over year but widely missed the Zacks Consensus Estimate of $2.321 billion.
Key Stats: Organic revenue growth was up 5.4% in the quarter.
Check back later for our full write up on this FIS earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Fidelity National Information Services, Inc (FIS - Free Report) 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.
Fidelity boasts a strong global presence, offering more than 300 solutions to 20,000 financial institutions in over 130 countries.
However, increasing consolidation in the banking sector, a challenging environment for the Payments Solutions business, stiff competition and an uncertain regulatory environment are the headwinds.
Zacks Rank: Currently, Fidelity National has a Zacks Rank#4 (Sell) but that could change following its second quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Adjusted earnings per share from continuing operations came in at 90 cents, beating the Zacks Consensus Estimate of 86 cents and increasing 21.6% from the year ago quarter. The company raised 2016 adjusted earnings per share guidance range to $3.75-$3.85 as against $3.70-$3.80 projected earlier
Revenue: Processing and services revenues of $2.305 billion surged 45.3% year over year but widely missed the Zacks Consensus Estimate of $2.321 billion.
Key Stats: Organic revenue growth was up 5.4% in the quarter.
Check back later for our full write up on this FIS earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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