Fidelity National Information Services (FIS) beats Q4 earnings estimates

On By Littum

Fidelity National Information Services (FIS) came out with a quarterly earnings of $ 1.40 per Share and beat the Zacks consensus estimate of $ 1.35 per Stock. This is compared to a $ 0.94 earnings. Stock a year ago. These numbers are adjusted for non-complicated items.

This quarterly report represents a 3.70%earnings overrun. A quarter ago, it was expected that this banking and payment technology company would send a $ 1.29 earnings.

Over the past four quarters, the company has surpassed consensus EPS estimates four times.

Fidelity National, which belongs to Zack’s Financial Transaction Services industry, had a $ 2.6 billion revenue for the quarter, ending December 2024, missing the Zacks consensus estimate with 1.27%. This is compared to the revenue from the previous year of $ 2.51 billion. The company has topped consensus income estimates three times over the past four quarters.

The sustainability of the share’s immediate price movement based on the recently released figures and future earnings expectations depends most of the management’s comment on the earnings peel.

Fidelity National shares have added approx. 2.3% since the beginning of the year against the S&P 500’s gain of 3.1%.

While Fidelity National has been underpinning the market so far this year, the question that comes to investors’ minds: What is the next thing for the stock?

There are no easy answers to this key question, but a reliable measure that can help investors tackle this is the company’s earnings prospects. This includes not only the current consensus earnings expectations for the coming quarter (s), but also how these expectations have changed recently.

Empirical research shows a strong correlation between short -term equity movements and trends in the earnings estate revisions. Investors can trace such revisions of themselves or rely on a proven rating tool such as Zacks-Rang, which has an impressive track record to utilize the power of the earnings estate revisions.

At the forefront of this earnings release, the estimate’s revisions tend to Fidelity National: favorable. While the size and direction of estimates could change after the company’s recently released earnings report, the current status is translated into a Zacks rank # 2 (purchase) for the share. So it is expected that the shares will surpass the market in the near future. You can see the complete list of today’s zacks #1 rank (strong purchase) stocks here.