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Fidelity National Information Services(FIS) - 2024 Q1 - Quarterly Results
2024-05-07 20:40
Exhibit 99.1 News Release FIS Reports Strong First Quarter 2024 Results and Increases Full-Year Adjusted EPS Outlook • First quarter GAAP Diluted Earnings (Loss) Per Share for continuing operations of $0.03 and Adjusted EPS of $1.10 • Including discontinued operations, first quarter GAAP Diluted Earnings (Loss) Per Share of $1.25 and Adjusted EPS of $1.33 • Continuing operations revenue increased 3% on a GAAP basis and 3% on an adjusted basis to $2.5 billion • Continuing operations adjusted EBITDA margin ex ...
Fidelity National Information Services(FIS) - 2024 Q1 - Quarterly Report
2024-05-07 20:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ Form 10-Q _______________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16427 ______________________ ...
Fidelity National Information Services(FIS) - 2024 Q1 - Earnings Call Transcript
2024-05-06 23:13
Fidelity National Information Services, Inc. (NYSE:FIS) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants George Mihalos - Head of Investor Relations Stephanie Ferris - President and Chief Executive Officer James Kehoe - Chief Financial Officer Conference Call Participants Operator Good day. Thank you for standing by and welcome to the FIS First Quarter 2024 Earnings Conference Call. All participants are in a listen-only mode. Please note there will be no Q&A following the speaker ...
Fidelity National Information Services(FIS) - 2024 Q1 - Earnings Call Presentation
2024-05-06 22:28
• Reiterating revenue and adj. EBITDA outlook and confident on delivery of 2024 financial commitments For a description of non-GAAP measures and a reconciliation of GAAP to non-GAAP measures, see Appendix. | --- | --- | --- | --- | --- | --- | |--------------------------|----------------|-------------------------------|--------------------------|--------------------------|-------| | FREE CASH FLOW \n$ 95M | CAPEX \n$ 202M | CAPITAL RETURNED \n$ 1.6B | BALANCE SHEET \n$ 11.2B | (as of 3/31/2024) \n2.7x | 2.9 ...
Fidelity National Information Services (FIS) Tops Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-06 22:16
Fidelity National Information Services (FIS) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.58%. A quarter ago, it was expected that this banking and payment technologies company would post earnings of $0.95 per share when it actually produced earnings of $0.94, delivering a surpr ...
Is Fidelity (FIS) Stock Worth Buying Ahead of Q1 Earnings?
Zacks Investment Research· 2024-05-01 18:31
Fidelity National Information Services, Inc. (FIS) shares have shown impressive performance compared to its peers this year. With 13% growth year to date, it has surpassed the industry's 4.4% rise and the S&P 500 Index's 7.7% gain. This reflects investor confidence in its growth strategies, operational efficiency and efforts to enhance shareholder value.The divestment of its 55% stake in Worldpay earlier this year underscores management's skill in executing profit-enhancing initiatives and focusing on core ...
Unlocking Q1 Potential of Fidelity National (FIS): Exploring Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-01 14:21
The upcoming report from Fidelity National Information Services (FIS) is expected to reveal quarterly earnings of $0.96 per share, indicating a decline of 25.6% compared to the year-ago period. Analysts forecast revenues of $2.45 billion, representing a decrease of 30.3% year over year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Pr ...
Are Investors Undervaluing Fidelity National Information Services (FIS) Right Now?
Zacks Investment Research· 2024-04-30 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.In addition t ...
Fidelity Information Services: Business Simplification Supports Further Upside
Seeking Alpha· 2024-04-06 09:27
JHVEPhoto Shares of Fidelity National Information Services (NYSE:FIS) have been a strong performer over the past year, rising about 36%. In November, I upgraded FIS from “sell” to “buy” as much of the bad news appeared priced in while simplification of the business created potential upside. Since that recommendation, shares have returned nearly 40%, significantly outperforming the market’s 17% gain. In the process, shares have rallied past my initial low-$60’s price target, making now a natural time to ...
Fidelity National Information Services (FIS) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-03-19 23:21
Fidelity National Information Services (FIS) closed the latest trading day at $69.86, indicating a +0.81% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.39%.The banking and payment technologies company's stock has climbed by 8.88% in the past month, exceeding the Business Services sector's gain of 2.03% and the S&P 500's gain of 2.97%.The upcoming earnings release of Fidelity National Informat ...