Core Viewpoint - Fidelity National Information Services (FIS) reported strong quarterly earnings, exceeding expectations and showing significant year-over-year growth in both earnings per share and revenues [1][3]. Financial Performance - The company achieved quarterly earnings of $1.40 per share, surpassing the Zacks Consensus Estimate of $1.29 per share, and up from $0.94 per share a year ago, representing an earnings surprise of 8.53% [1][2]. - Revenues for the quarter were $2.57 billion, exceeding the Zacks Consensus Estimate by 0.13% and up from $2.49 billion in the same quarter last year [3]. Market Performance - Fidelity National shares have increased approximately 48.3% since the beginning of the year, significantly outperforming the S&P 500's gain of 20.1% [4]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for continued outperformance in the near future [7]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.34, with projected revenues of $2.63 billion, and for the current fiscal year, the EPS estimate is $5.09 on revenues of $10.15 billion [8]. - The Financial Transaction Services industry, to which Fidelity National belongs, is ranked in the top 34% of Zacks industries, suggesting a favorable outlook for the sector [9].

Fidelity National Information Services, Inc. (FIS) is set to report third-quarter 2024 results on Nov. 4, 2024, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $1.29 per share on revenues of $2.57 billion.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The third-quarter earnings estimate has remained stable over the past 60 days. The bottom-line projection indicates a year-over-year increase of 37.2%. The Zacks C ...

Wall Street analysts expect Fidelity National Information Services (FIS) to post quarterly earnings of $1.29 per share in its upcoming report, which indicates a year-over-year increase of 37.2%. Revenues are expected to be $2.57 billion, up 3.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timefra ...

Fidelity National Information Services (FIS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expecte ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Fidelity National Information Services (FIS) , which belongs to the Zacks Financial Transaction Services industry, could be a great candidate to consider. This banking and payment technologies company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters ...

Investors interested in stocks from the Financial Transaction Services sector have probably already heard of Fidelity National Information Services (FIS) and Equifax (EFX) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companie ...

Group 1: Core Product Launch - Fidelity National Information Services, Inc. (FIS) has launched the Digital Trading Storefront to enhance digital trading experiences across various asset classes and markets [1] - The platform is designed for banks, brokers, market makers, and fund managers, providing real-time connectivity and advanced risk management through APIs [1][2] Group 2: Strategic Goals and Market Position - The Digital Trading Storefront is part of FIS' Cross-Asset Trading and Risk Platform, adding digital features and flexibility for financial institutions to customize trading interfaces [2][3] - This initiative aligns with FIS' strategic goal of expanding digital offerings and meeting the evolving needs of financial institutions, ultimately supporting higher trading volumes and regulatory compliance [2][3] Group 3: Market Trends and Financial Performance - FIS continues to invest in technology and innovation, expanding its total addressable market, with electrified trading comprising 42% of U.S. equity market commissions and 44% in Europe [4] - Shares of Fidelity National have increased by 10.1% over the past three months, outperforming the industry average rise of 6.2% [6]

Core Viewpoint - Fidelity National Information Services (FIS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook driven by rising earnings estimates [1][4]. Earnings Estimates and Ratings - The Zacks rating system is based solely on a company's changing earnings picture, tracking the Zacks Consensus Estimate for EPS from sell-side analysts [2]. - The Zacks rating upgrade for Fidelity National reflects an improved earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between changes in earnings estimates and near-term stock price movements, with institutional investors using these estimates to determine fair value [5][7]. - Fidelity National's rising earnings estimates, with a projected EPS of $5.08 for the fiscal year ending December 2024 (a year-over-year increase of 50.7%), indicate a positive trend in the company's business [9]. Zacks Rank System Performance - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Fidelity National to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

Subscribers to Schaeffer's Players service more than doubled their money with our recommendation to buy Fidelity National Information Services Inc (NYSE:FIS) weekly 9/20 78-strike call. Below, let's unpack how investors achieved this healthy profit in just three weeks. At the time of our recommendation on Aug. 23, FIS was in the midst of a post-earnings pop following the company's Aug. 6 results. The equity had just hit a new alltime high, and was pulling back to support at its 10-day moving average after b ...