Have you been eager to see how Fidelity National Information Services, Inc. (FIS - Free Report) performed in Q4 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 $1.36, beating the Zacks Consensus Estimate of $1.34. Results excluded certain one-time items and benefit related to tax reform. Results reflected lower selling, general and administrative expenses, 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 $1.34 over the last seven days.
However, Fidelity has a decent earnings surprise history. Before posting earnings beat in Q4, the company delivered positive surprises in three of the trailing four quarters. Overall, the company surpassed the Zacks Consensus Estimate by an average of 5.3% in the trailing four quarters.
Fidelity National Information Services, Inc. Price and EPS Surprise