Fidelity National (FIS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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]