For the quarter ended June 2024, Fidelity National Information Services (FIS) reported revenue of $2.49 billion, down 33.6% over the same period last year. EPS came in at $1.36, compared to $1.55 in the year-ago quarter. The reported revenue represents a surprise of +0.10% over the Zacks Consensus Estimate of $2.49 billion. With the consensus EPS estimate being $1.23, the EPS surprise was +10.57%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

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 ...

Fidelity National Information Services, Inc. (FIS) is set to report its second-quarter 2024 results on Aug 6, before the opening bell. The Zacks Consensus Estimate for second-quarter earnings is currently pegged at $1.23 per share, implying a decline of 20.7% from the year-ago reported number. The estimate remained stable over the past month. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at almost $2.5 billion, suggesting a 33.6% fall from the year-ago actuals. Image Source: Z ...

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 ...

ial Transaction Services Market (ZS Image Source: Zacks Investment Research Zacks Rank & Key Picks Fidelity currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the Financial Transaction Services space are MoneyLion Inc. (ML) , Repay Holdings Corporation (RPAY) , and Shift4 Payments, Inc. (FOUR) . Each of these companies carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for MoneyLion's current ...

Investors should always be aware of their current positioning in the market cycle, especially when considering fintech stocks to sell. AI greatly propelled market expansion, so much so that just 10 top stocks in the S&P 500 make up 34% of the index, breaking the previous market concentration record all the way back in the 1920s. By their very nature, fintech companies rely on consumer transaction volumes to churn out revenue. And what happens after a sustained decline in job openings as LinkUp and Indeed da ...