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.
What's in Store for Fidelity National (FIS) in Q1 Earnings?
Read MoreHide Full Article
Fidelity National Information Services (FIS - Free Report) is scheduled to release first-quarter 2018 earnings on May 1, before the opening bell. While the company’s earnings are expected to grow on a year-over-year basis, revenues are likely to decline.
Notably, Fidelity delivered positive earnings surprises in each of the trailing four quarters, with an average beat of 5.7%.
In the last reported quarter, the company pulled off a positive earnings surprise of 11.3%. Results benefited from lower expenses and expansion of net interest margin. However, decline in revenues was a headwind.
Fidelity National Information Services, Inc. Price and EPS Surprise
Fidelity’s revenue growth story for the first 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 5.6% to $1.07 billion along with fall in revenues from Global Financial Solutions of 13.3% to $883 million. Also, the overall revenues of $2.04 billion are projected to decline 9.6% from the prior-year quarter.
The Florida-based financial service provider’s bottom line might benefit slightly from the lower tax rates and rising interest rate environment.
The company’s focus on introducing new and innovative products in order to meet the growing demand of customers will likely increase expenses, as witnessed in the past.
Earnings Whisper
According to our proven model, Fidelity does not have the right combination of two key ingredients — positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase 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.
Also, Fidelity’s activities during the quarter were inadequate to win analysts’ confidence. As a result, earnings estimates for the quarter remained unchanged at $1.04, over the last seven days.
Notably, for the first quarter, the Zacks Consensus Estimate indicates 20.9% growth in earnings on a year-over-year basis.
Earnings Schedule of Other Stocks
Mastercard Incorporated (MA - Free Report) is scheduled to report results on May 2 while Fiserv and Cardtronics PLC are scheduled to report on May 1 and May 3, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
What's in Store for Fidelity National (FIS) in Q1 Earnings?
Fidelity National Information Services (FIS - Free Report) is scheduled to release first-quarter 2018 earnings on May 1, before the opening bell. While the company’s earnings are expected to grow on a year-over-year basis, revenues are likely to decline.
Notably, Fidelity delivered positive earnings surprises in each of the trailing four quarters, with an average beat of 5.7%.
In the last reported quarter, the company pulled off a positive earnings surprise of 11.3%. Results benefited from lower expenses and expansion of net interest margin. However, decline in revenues was a headwind.
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 Q1 Results
Fidelity’s revenue growth story for the first 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 5.6% to $1.07 billion along with fall in revenues from Global Financial Solutions of 13.3% to $883 million. Also, the overall revenues of $2.04 billion are projected to decline 9.6% from the prior-year quarter.
The Florida-based financial service provider’s bottom line might benefit slightly from the lower tax rates and rising interest rate environment.
The company’s focus on introducing new and innovative products in order to meet the growing demand of customers will likely increase expenses, as witnessed in the past.
Earnings Whisper
According to our proven model, Fidelity does not have the right combination of two key ingredients — positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase 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.
Zacks ESP: Earnings ESP for Fidelity is -0.56%.
Zacks Rank: Fidelity carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Also, Fidelity’s activities during the quarter were inadequate to win analysts’ confidence. As a result, earnings estimates for the quarter remained unchanged at $1.04, over the last seven days.
Notably, for the first quarter, the Zacks Consensus Estimate indicates 20.9% growth in earnings on a year-over-year basis.
Earnings Schedule of Other Stocks
Mastercard Incorporated (MA - Free Report) is scheduled to report results on May 2 while Fiserv and Cardtronics PLC are scheduled to report on May 1 and May 3, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>