Investors with an interest in Financial Transaction Services stocks have likely encountered both Fidelity National Information Services (FIS) and Fiserv (FI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. 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 Zacks Rank favors stocks with strong earnings estimate revision ...

FIS says it is on pace to have a record year for sign-ups to its core banking offering. It's a trend driven by "competitive takeaways" and greater traction in the community banking sector, Stephanie Ferris, CEO of the financial services technology provider company, said on an earnings call Wednesday (Aug. 7). "In fact, for the first half of 2024, we've signed almost as many cores as we did in all of 2023," she said. "Within our digital business, we saw new sales growth of over 30% in the first half of 2024, ...

Core Insights - Fidelity National Information Services (FIS) reported a revenue of $2.49 billion for the quarter ended June 2024, reflecting a year-over-year decline of 33.6% [1] - The earnings per share (EPS) for the quarter was $1.36, down from $1.55 in the same quarter last year, but exceeded the consensus estimate of $1.23 by 10.57% [1] Revenue Breakdown - Revenue from Banking Solutions was $1.71 billion, matching the average estimate from seven analysts and showing a year-over-year increase of 0.5% [3] - Revenue from Corporate and Other segments was $57 million, slightly below the average estimate of $59.80 million, representing a year-over-year decrease of 5% [4] - Revenue from Capital Market Solutions reached $722 million, surpassing the average estimate of $720.90 million, with a year-over-year growth of 7.4% [5] Adjusted EBITDA Performance - Adjusted EBITDA for Banking Solutions was reported at $765 million, exceeding the average estimate of $741.30 million from four analysts [6] - Adjusted EBITDA for Corporate and Other segments was -$134 million, worse than the average estimate of -$94.76 million [7] - Adjusted EBITDA for Capital Market Solutions was $367 million, above the average estimate of $355.87 million from four analysts [8] Stock Performance - Shares of Fidelity National have increased by 3.8% over the past month, contrasting with a decline of 5.9% in the Zacks S&P 500 composite [8] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [8]

Fidelity National Information Services, Inc. (FIS) reported second-quarter 2024 adjusted EPS of $1.36, which beat the Zacks Consensus Estimate by 10.6%. Also, the bottom line increased 79% year over year. Revenues grew 3% year over year to $2.5 billion. Also, the top line beat the consensus mark by 0.1%. The strong second-quarter results benefited from strong recurring revenue growth in both segments and new sales momentum. It witnessed improved results from both the Banking Solutions and Capital Market Sol ...

JHVEPhoto Shares of Filelery National Information Services, Inc. (NYSE:FIS) have had a solid run over the past year, gaining 25%. Invesors got af unterber on Tuesday morning as the s market's 1% gain. With its business simplification continuing to drive better operating results, I remain bullish. 1D 5D 1M 6M YTD 10Y MAX Bask Advanced 70 60 50 40 tte file to lies to. Il lot in Oct 2023 Seeking Alpha Increased focus is driving better results In the company's second quarter, Fidelity earned $1.36, beating cons ...

Fidelity National Information Services (FIS) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 10.57%. A quarter ago, it was expected that this banking and payment technologies company would post earnings of $0.96 per share when it actually produced earnings of $1.10, delivering a surp ...

Core Insights - Fidelity National Information Services, Inc. (FIS) is expected to report a significant decline in second-quarter 2024 earnings and revenues, with earnings estimated at $1.23 per share, reflecting a 20.7% decrease year-over-year, and revenues projected at nearly $2.5 billion, indicating a 33.6% drop from the previous year [1] Earnings Performance - The company has beaten consensus earnings estimates in two of the last four quarters, with an average surprise of negative 5.7% [2] - The Earnings ESP for Fidelity National is 0.00%, indicating no expected earnings beat, as the Most Accurate Estimate aligns with the consensus [3] Revenue and Segment Analysis - The Banking Solutions segment is projected to see a slight year-over-year revenue growth of 2.4%, while adjusted EBITDA is expected to increase by nearly 3% [6] - The Capital Market Solutions segment is anticipated to grow over 7% year-over-year in revenues, with adjusted EBITDA expected to rise by 5.6% [7][8] Cost and Expense Considerations - The cost of revenues is estimated at $1.55 billion, reflecting a 2% year-over-year increase, which may pressure profit margins and contribute to uncertainty regarding earnings performance [9] - Increased expenses related to platform improvements and inflationary pressures are expected to impact overall profitability [9] Market Position and Stock Performance - Fidelity National's stock has increased by 27.9% year-to-date, outperforming the industry growth of 5.3% and the S&P 500 Index's gain of 16% [11] - The company’s strategic investments in digital transformation and mobile banking are expected to enhance financial results, aligning with evolving consumer preferences [5] Future Outlook - Despite the positive long-term outlook due to digital transformation efforts and high recurring revenues, the company faces challenges such as increasing competition, anticipated profit declines, and high debt levels [13]

Analysts on Wall Street project that Fidelity National Information Services (FIS) will announce quarterly earnings of $1.23 per share in its forthcoming report, representing a decline of 20.7% year over year. Revenues are projected to reach $2.49 billion, declining 33.6% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Pri ...

When evaluating for overvaluation, it is important to analyze key metrics like the price-to-earnings (P/E) ratio and others, as well as look for profitability loss or some negative news. In addition, the relative strength index (RSI) may be reviewed to identify overbought conditions. So, let's examine three stocks that exhibit metrics outside of normal and meet some of these requirements. Source: JHVEPhoto / Shutterstock.com A reduction in interest rates could benefit the company's coverage ratio and reduce ...

Financial technology, or fintech, is a branch of banking that utilizes technological innovation to provide all sorts of financial products and services to users from all over the world from the comfort of their mobile devices. With fintech, global citizens can save their money, borrow, lend and even invest without having to step foot in a bank or other financial institution. This technological innovation has led to the emergence of a new class of high-potential stocks called fintech stocks. Fidelity Nationa ...